Quadrant Capital Group LLC Grows Stake in Comcast Corporation $CMCSA

Quadrant Capital Group LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSAFree Report) by 22.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,680 shares of the cable giant’s stock after acquiring an additional 17,585 shares during the period. Quadrant Capital Group LLC’s holdings in Comcast were worth $3,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Capital A Wealth Management LLC lifted its stake in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Avalon Trust Co increased its position in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Comcast in the second quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Comcast in the second quarter valued at $31,000. Finally, Total Investment Management Inc. bought a new stake in shares of Comcast in the second quarter valued at $33,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $30.57 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.72. The stock has a market cap of $109.99 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79. The stock has a fifty day moving average of $30.12 and a 200-day moving average of $29.90.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BNP Paribas Exane downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a research note on Tuesday, February 24th. Scotiabank lowered their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Finally, Benchmark reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.87.

Check Out Our Latest Stock Analysis on CMCSA

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Comcast Company Profile

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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