13,789 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,789 shares of the cable giant’s stock, valued at approximately $540,000.

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

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.78.

Comcast Trading Up 0.6 %

CMCSA opened at $39.55 on Friday. The stock has a 50-day moving average of $39.36 and a 200 day moving average of $39.76. 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 12 month low of $36.43 and a 12 month high of $47.11. The firm has a market cap of $153.16 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.03 and a beta of 1.01.

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

Comcast Announces Dividend

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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is currently 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.