Petrus Trust Company LTA Makes New $372,000 Investment in Comcast Corporation $CMCSA

Key Points

• Petrus Trust Company LTA recently acquired a $372,000 stake in Comcast Corporation by purchasing 10,090 shares during the first quarter.
• Several institutional investors increased their positions in Comcast significantly in the fourth quarter, with 84.32% of the stock now owned by such investors.
• Comcast announced a quarterly dividend of $0.33 per share, representing an annualized yield of 3.9% and a dividend payout ratio of 21.82%.

Petrus Trust Company LTA purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,090 shares of the cable giant's stock, valued at approximately $372,000.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC increased its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Comcast by 18.6% during the fourth quarter. CoreCap Advisors LLC now owns 13,112 shares of the cable giant's stock valued at $492,000 after acquiring an additional 2,059 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Comcast by 65.5% during the fourth quarter. Focus Partners Wealth now owns 835,820 shares of the cable giant's stock valued at $31,558,000 after acquiring an additional 330,712 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its stake in shares of Comcast by 36.8% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 9,002 shares of the cable giant's stock valued at $338,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in shares of Comcast by 902.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant's stock valued at $2,469,000 after acquiring an additional 73,980 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 1.0%

Shares of CMCSA stock traded down $0.34 during trading hours on Friday, hitting $33.06. 23,842,060 shares of the company were exchanged, compared to its average volume of 19,553,770. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The business's 50-day simple moving average is $33.79 and its two-hundred day simple moving average is $34.59. The stock has a market capitalization of $122.06 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 2.00 and a beta of 0.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter last year, the company posted $1.21 earnings per share. Comcast's revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMCSA. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. UBS Group lowered their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Sanford C. Bernstein lowered their target price on Comcast from $37.00 to $36.00 and set a "market perform" rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.56.

About Comcast

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.