Concurrent Investment Advisors LLC Purchases 2,307 Shares of Comcast Co. (NASDAQ:CMCSA)

Concurrent Investment Advisors LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,266 shares of the cable giant’s stock after purchasing an additional 2,307 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Comcast were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Comcast by 1,496.3% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 711,803 shares of the cable giant’s stock valued at $31,213,000 after buying an additional 667,213 shares during the period. Gilbert & Cook Inc. raised its position in shares of Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Comcast by 5.3% in the 4th quarter. Fisher Asset Management LLC now owns 100,637 shares of the cable giant’s stock worth $4,413,000 after acquiring an additional 5,108 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Comcast by 1.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 968,433 shares of the cable giant’s stock valued at $42,466,000 after purchasing an additional 17,215 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of Comcast by 5.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 380,180 shares of the cable giant’s stock valued at $16,671,000 after purchasing an additional 20,867 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $39.57 on Friday. The business’s fifty day moving average is $39.14 and its 200 day moving average is $39.91. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.30. 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 company has a market capitalization of $153.23 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. Sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $45.78.

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.