Insight 2811 Inc. Purchases 1,096 Shares of Comcast Co. (NASDAQ:CMCSA)

Insight 2811 Inc. raised its position in Comcast Co. (NASDAQ:CMCSA) by 19.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,646 shares of the cable giant’s stock after buying an additional 1,096 shares during the quarter. Insight 2811 Inc.’s holdings in Comcast were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Hudson Edge Investment Partners Inc. raised its holdings in shares of Comcast by 16.1% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 152,171 shares of the cable giant’s stock worth $5,959,000 after buying an additional 21,058 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in Comcast during the second quarter worth about $2,464,000. Caprock Group LLC lifted its holdings in shares of Comcast by 61.5% in the second quarter. Caprock Group LLC now owns 141,158 shares of the cable giant’s stock worth $5,528,000 after acquiring an additional 53,735 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Comcast by 0.4% in the 2nd quarter. Anchor Capital Advisors LLC now owns 363,478 shares of the cable giant’s stock valued at $14,234,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Custom Index Systems LLC grew its holdings in shares of Comcast by 27.6% during the 2nd quarter. Custom Index Systems LLC now owns 10,794 shares of the cable giant’s stock valued at $423,000 after purchasing an additional 2,337 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Evercore ISI dropped their price objective 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 given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Trading Down 0.5 %

Shares of NASDAQ:CMCSA traded down $0.19 during midday trading on Friday, reaching $39.61. The company’s stock had a trading volume of 18,549,208 shares, compared to its average volume of 19,988,055. The firm has a 50 day moving average price of $39.24 and a two-hundred day moving average price of $39.83. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.05 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Comcast 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.