Perbak Capital Partners LLP Acquires Shares of 7,591 Comcast Corporation $CMCSA

Key Points

• Perbak Capital Partners LLP made a new investment of approximately $280,000 in Comcast Corporation, acquiring 7,591 shares during the first quarter.
• Several hedge funds have increased their positions in Comcast, with Dodge & Cox raising its stake by 19.1%, now owning over $3.4 billion worth of shares.
• Comcast's recent quarterly earnings report showed a profit of $1.25 EPS, beating estimates, and the company has announced a dividend of $0.33 per share, yielding 3.9% annually.

Perbak Capital Partners LLP bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 7,591 shares of the cable giant's stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the 1st quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates grew its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. Rosenblatt Securities increased their target price on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Benchmark reaffirmed a "buy" rating on shares of Comcast in a report on Friday, July 18th. Rothschild & Co Redburn reduced their target price on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Morgan Stanley reduced their target price on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Finally, Arete Research raised shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.73.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.04 during trading hours on Friday, hitting $33.91. 21,111,306 shares of the company's stock traded hands, compared to its average volume of 19,302,668. The business's fifty day moving average price is $34.03 and its two-hundred day moving average price is $34.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $125.20 billion, a P/E ratio of 5.60, a P/E/G ratio of 2.03 and a beta of 0.93. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.