Comcast Co. (NASDAQ:CMCSA) Shares Bought by First Pacific Advisors LP

First Pacific Advisors LP lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,818,009 shares of the cable giant’s stock after acquiring an additional 219,894 shares during the period. Comcast makes up approximately 5.7% of First Pacific Advisors LP’s portfolio, making the stock its 5th biggest position. First Pacific Advisors LP owned approximately 0.28% of Comcast worth $423,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Luken Investment Analytics LLC boosted its position in shares of Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. raised its stake in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.71 during trading hours on Thursday, reaching $39.38. 6,417,042 shares of the stock traded hands, compared to its average volume of 19,922,719. The company has a market capitalization of $154.51 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company’s 50-day simple moving average is $39.20 and its two-hundred day simple moving average is $39.86. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $45.78.

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.