Comcast Corporation $CMCSA is Quinn Opportunity Partners LLC’s 2nd Largest Position

Quinn Opportunity Partners LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 126.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,899,239 shares of the cable giant’s stock after buying an additional 1,058,812 shares during the quarter. Comcast accounts for about 4.2% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Quinn Opportunity Partners LLC’s holdings in Comcast were worth $59,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. increased its stake in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares during the last quarter. United Bank raised its holdings in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Comcast by 30.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,947 shares of the cable giant’s stock worth $105,000 after purchasing an additional 680 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Comcast in the second quarter worth $930,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $30.16 on Friday. The company has a market cap of $108.51 billion, a P/E ratio of 5.62, a P/E/G ratio of 2.35 and a beta of 0.79. The stock’s 50-day moving average is $30.13 and its 200-day moving average is $29.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.72. 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is currently 24.58%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Daiwa Securities Group decreased their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Morgan Stanley cut their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Finally, Arete Research set a $23.00 target price on Comcast in a research report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $34.87.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

About Comcast

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.