Trexquant Investment LP Purchases 164,560 Shares of Comcast Corporation $CMCSA

Key Points

• Trexquant Investment LP increased its stake in Comcast by 66.5%, acquiring an additional 164,560 shares, bringing its total holdings to 412,091 shares valued at $15.2 million.
• Comcast plans to distribute a quarterly dividend of $0.33 per share on October 22nd, representing an annualized yield of 3.9%.
• Wall Street analysts maintain a consensus target price of $40.73 for Comcast, with ratings ranging from Strong Buy to Sell, indicating mixed sentiments on the stock's future performance.

Trexquant Investment LP raised its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 66.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,091 shares of the cable giant's stock after buying an additional 164,560 shares during the period. Trexquant Investment LP's holdings in Comcast were worth $15,206,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of Comcast during the first quarter worth $29,000. Retirement Wealth Solutions LLC raised its holdings 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 worth $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast during the fourth quarter valued at $33,000. Finally, Global Wealth Strategies & Associates increased its position 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 owned by institutional investors.

Comcast Stock Down 1.4%

Shares of CMCSA traded down $0.47 during trading on Wednesday, reaching $33.66. The company's stock had a trading volume of 6,027,766 shares, compared to its average volume of 23,987,064. The company has a market cap of $124.29 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 2.03 and a beta of 0.93. The company has a fifty day moving average of $34.10 and a two-hundred day moving average of $34.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results 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 firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same period in the previous year, the business posted $1.21 EPS. Comcast's revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. UBS Group lowered their target price on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Moffett Nathanson raised their price objective on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Rothschild & Co Redburn decreased their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of "Hold" and a consensus price target of $40.73.

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.