Access Investment Management LLC Invests $4.89 Million in Comcast Corporation $CMCSA

Access Investment Management LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 137,005 shares of the cable giant’s stock, valued at approximately $4,890,000. Comcast makes up approximately 1.4% of Access Investment Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also bought and sold shares of CMCSA. Astra Wealth Partners LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $868,000. Machina Capital S.A.S. boosted its position in shares of Comcast by 165.0% during the 2nd quarter. Machina Capital S.A.S. now owns 170,748 shares of the cable giant’s stock worth $6,094,000 after purchasing an additional 106,324 shares during the period. Texas Bank & Trust Co lifted its stake in Comcast by 11.6% during the second quarter. Texas Bank & Trust Co now owns 30,649 shares of the cable giant’s stock worth $1,094,000 after purchasing an additional 3,185 shares in the last quarter. MMA Asset Management LLC boosted its position in shares of Comcast by 4.9% during the second quarter. MMA Asset Management LLC now owns 12,837 shares of the cable giant’s stock worth $458,000 after buying an additional 601 shares during the period. Finally, South Dakota Investment Council grew its stake in shares of Comcast by 4.4% in the second quarter. South Dakota Investment Council now owns 813,925 shares of the cable giant’s stock valued at $29,049,000 after buying an additional 33,956 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $27.83 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $31.40 and its 200-day simple moving average is $33.32. The firm has a market capitalization of $102.75 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 1.89 and a beta of 0.94. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s dividend payout ratio is 21.96%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMCSA shares. Bank of America decreased their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Rosenblatt Securities reduced their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Arete Research upgraded shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Finally, KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $36.74.

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.