Susquehanna Fundamental Investments LLC Invests $3.59 Million in Comcast Co. (NASDAQ:CMCSA)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the second quarter, HoldingsChannel reports. The fund acquired 91,600 shares of the cable giant’s stock, valued at approximately $3,587,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter worth $27,000. OLD Point Trust & Financial Services N A purchased a new position in Comcast during the fourth quarter valued at $28,000. Finally, IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $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 Stock Performance

NASDAQ CMCSA opened at $41.64 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a 50-day moving average of $39.69 and a 200 day moving average of $39.57. The stock has a market capitalization of $163.38 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.08 and a beta of 1.01.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMCSA. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Finally, Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $45.58.

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.