Qsemble Capital Management LP Takes Position in Comcast Co. (NASDAQ:CMCSA)

Qsemble Capital Management LP acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, Holdings Channel reports. The fund acquired 129,358 shares of the cable giant’s stock, valued at approximately $5,403,000. Comcast makes up approximately 1.0% of Qsemble Capital Management LP’s portfolio, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in Comcast during the second quarter worth $26,000. McClarren Financial Advisors Inc. raised its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Iron Horse Wealth Management LLC increased its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.07 during mid-day trading on Monday, hitting $43.40. 2,033,509 shares of the company were exchanged, compared to its average volume of 19,534,988. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a market cap of $166.07 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The stock has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $40.05.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the company posted $1.08 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.86%. Comcast’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.19.

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.