Sei Investments Co. Purchases 182,130 Shares of Comcast Co. (NASDAQ:CMCSA)

Sei Investments Co. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,350,026 shares of the cable giant’s stock after acquiring an additional 182,130 shares during the period. Sei Investments Co.’s holdings in Comcast were worth $92,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CMCSA. Steph & Co. increased its stake in shares of Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the fourth quarter valued at $28,000. Pineridge Advisors LLC purchased a new position in Comcast during the 4th quarter valued at $32,000. Financial Synergies Wealth Advisors Inc. raised its holdings in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4 %

Shares of NASDAQ CMCSA opened at $40.11 on Friday. The firm’s 50 day moving average price is $39.57 and its 200-day moving average price is $39.65. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $157.38 billion, a PE ratio of 10.61, a P/E/G ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the business posted $1.13 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.09%. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. The Goldman Sachs Group began coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Evercore ISI dropped their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.78.

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.