QS Investors LLC Has $3.92 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

QS Investors LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,687 shares of the cable giant’s stock after selling 1,039 shares during the period. QS Investors LLC’s holdings in Comcast were worth $3,917,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Comcast by 12.0% in the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock valued at $6,425,236,000 after purchasing an additional 12,066,751 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Comcast by 1,318.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 9,732,709 shares of the cable giant’s stock valued at $526,637,000 after purchasing an additional 9,046,516 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Comcast by 10.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,894,126 shares of the cable giant’s stock valued at $2,862,101,000 after purchasing an additional 5,155,779 shares during the period. Vanguard Group Inc. raised its holdings in shares of Comcast by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,480,518 shares of the cable giant’s stock valued at $22,322,220,000 after purchasing an additional 3,978,161 shares during the period. Finally, Capital International Investors raised its holdings in shares of Comcast by 1.8% in the 1st quarter. Capital International Investors now owns 219,742,386 shares of the cable giant’s stock valued at $11,891,228,000 after purchasing an additional 3,887,251 shares during the period. 82.49% of the stock is currently owned by institutional investors.

Several research firms have weighed in on CMCSA. TD Securities increased their price target on shares of Comcast from $70.00 to $73.00 and gave the company a “buy” rating in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their price target on shares of Comcast from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, October 8th. Truist Securities increased their price target on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 30th. Finally, Morgan Stanley increased their price target on shares of Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Buy” and an average price target of $65.24.

Shares of NASDAQ:CMCSA opened at $52.69 on Thursday. The firm has a market cap of $241.83 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04. The firm’s fifty day moving average is $57.97 and its 200-day moving average is $56.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.92 and a current ratio of 0.92. Comcast Co. has a 52 week low of $40.97 and a 52 week high of $61.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. Comcast had a net margin of 11.44% and a return on equity of 14.15%. The company had revenue of $28.55 billion for the quarter, compared to analyst estimates of $27.14 billion. Sell-side analysts forecast that Comcast Co. will post 3.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, October 5th. Comcast’s dividend payout ratio is presently 38.31%.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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