S Bank Fund Management Ltd Invests $838,000 in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• S Bank Fund Management Ltd invested approximately $838,000 in 22,711 shares of Comcast Corporation in the first quarter.
• Comcast announced a quarterly dividend of $0.33 per share, with a yield of 4.1%, set to be paid on October 22nd.
• The company's earnings report indicated $30.31 billion in revenue, exceeding analyst expectations, and a net margin of 18.44% for the last quarter.

S Bank Fund Management Ltd acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 22,711 shares of the cable giant's stock, valued at approximately $838,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor OS LLC increased its holdings in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after purchasing an additional 8,841 shares during the period. OMNI 360 Wealth Inc. purchased a new position in Comcast during the 1st quarter worth $335,000. DAVENPORT & Co LLC grew its stake in Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after buying an additional 1,261,278 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after buying an additional 118,839 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in Comcast by 21.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock worth $2,834,000 after acquiring an additional 13,678 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. New Street Research decreased their price objective on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI decreased their price objective on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of "Hold" and an average target price of $40.73.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.55 during mid-day trading on Friday, reaching $33.45. The stock had a trading volume of 20,700,567 shares, compared to its average volume of 23,292,310. The stock has a 50-day simple moving average of $34.38 and a two-hundred day simple moving average of $34.81. The stock has a market capitalization of $123.50 billion, a PE ratio of 5.53, a P/E/G ratio of 1.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion for 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%. Comcast's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed 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 yield of 3.9%. The ex-dividend date of this dividend 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.