Russell Investments Group Ltd. Has $210.78 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Russell Investments Group Ltd. increased its stake in Comcast Corporation by 0.4%, acquiring an additional 21,422 shares, bringing its total holdings to approximately 5.7 million shares valued at about $210.8 million.
• Comcast reported $1.25 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with a revenue of $30.31 billion, a 2.1% increase from the previous year.
• The company recently declared a quarterly dividend of $0.33 per share, which is set to yield 4.2% based on an annualized basis, with a payout ratio of 21.82%.

Russell Investments Group Ltd. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,716,939 shares of the cable giant's stock after purchasing an additional 21,422 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of Comcast worth $210,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of 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 during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Comcast by 6.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 345,592 shares of the cable giant's stock valued at $12,990,000 after purchasing an additional 21,161 shares during the last quarter. Savvy Advisors Inc. boosted its stake in shares of Comcast by 15.0% in the 4th quarter. Savvy Advisors Inc. now owns 9,086 shares of the cable giant's stock valued at $341,000 after purchasing an additional 1,183 shares during the last quarter. SageView Advisory Group LLC boosted its stake in shares of Comcast by 15.1% in the 4th quarter. SageView Advisory Group LLC now owns 37,900 shares of the cable giant's stock valued at $1,422,000 after purchasing an additional 4,985 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its stake in shares of Comcast by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 7,051 shares of the cable giant's stock valued at $265,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. New Street Research reduced their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 research note on Monday, August 4th. BNP Paribas Exane reduced their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities lifted their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.73.

Comcast Stock Up 2.6%

Shares of NASDAQ CMCSA traded up $0.84 during midday trading on Wednesday, reaching $32.94. The company's stock had a trading volume of 29,733,444 shares, compared to its average volume of 23,008,912. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The stock has a market capitalization of $121.62 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 1.93 and a beta of 0.92. The stock has a 50 day simple moving average of $34.41 and a 200-day simple moving average of $34.85.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the company earned $1.21 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is presently 21.82%.

Comcast 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.