Strategic Investment Solutions Inc. IL Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Strategic Investment Solutions Inc. IL acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,725 shares of the cable giant’s stock, valued at approximately $68,000.

A number of other hedge funds also recently added to or reduced their stakes in CMCSA. Farmers National Bank boosted its position in Comcast by 2.2% during the 2nd quarter. Farmers National Bank now owns 117,941 shares of the cable giant’s stock valued at $4,619,000 after acquiring an additional 2,505 shares in the last quarter. Souders Financial Advisors raised its stake in shares of Comcast by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 80,052 shares of the cable giant’s stock worth $3,135,000 after acquiring an additional 3,023 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in Comcast during the second quarter valued at approximately $1,736,000. Next Capital Management LLC boosted its stake in Comcast by 6.5% in the second quarter. Next Capital Management LLC now owns 14,918 shares of the cable giant’s stock valued at $584,000 after acquiring an additional 905 shares in the last quarter. Finally, Chase Investment Counsel Corp grew its holdings in Comcast by 16.6% in the second quarter. Chase Investment Counsel Corp now owns 9,503 shares of the cable giant’s stock worth $372,000 after purchasing an additional 1,351 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $41.30 on Thursday. The firm has a market cap of $162.05 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a 50 day moving average price of $39.86 and a 200-day moving average price of $39.56. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping 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 company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. Comcast’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors 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 3.00%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Evercore ISI lowered their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.