12,021 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by One Capital Management LLC

One Capital Management LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,021 shares of the cable giant’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new stake in Comcast during the fourth quarter valued at about $2,056,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares during the period. Capital Investment Advisors LLC raised its holdings in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares during the period. First Hawaiian Bank raised its holdings in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the period. Finally, Gilbert & Cook Inc. lifted its position in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Pivotal Research decreased their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Finally, Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.78.

Comcast Trading Down 0.2 %

CMCSA stock opened at $39.28 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market capitalization of $154.12 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company’s 50 day moving average price is $39.43 and its two-hundred day moving average price is $39.67. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.