1,987 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Ashburton Jersey Ltd

Ashburton Jersey Ltd acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,987 shares of the cable giant’s stock, valued at approximately $76,000.

Other hedge funds have also bought and sold shares of the company. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Comcast in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the second quarter worth approximately $27,000. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter worth approximately $28,000. Finally, IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several analyst reports. 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 research note on Tuesday, July 2nd. The Goldman Sachs Group assumed coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Pivotal Research lowered their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Stock Performance

NASDAQ:CMCSA opened at $41.30 on Thursday. The stock has a 50-day simple moving average of $39.86 and a two-hundred day simple moving average of $39.56. 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 firm has a market capitalization of $162.05 billion, a PE ratio of 10.93, a P/E/G ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 in the previous year, the business earned $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. Comcast’s payout ratio is 32.80%.

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.