Quantinno Capital Management LP Boosts Stock Position in Comcast Corporation $CMCSA

Quantinno Capital Management LP lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 26.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,251,923 shares of the cable giant’s stock after acquiring an additional 681,383 shares during the quarter. Quantinno Capital Management LP’s holdings in Comcast were worth $93,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. increased its stake in shares of Comcast by 3.2% in the second 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 in the last quarter. United Bank raised its position 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 during the period. HUB Investment Partners LLC raised its position in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after purchasing an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in shares of Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 2.2%

NASDAQ CMCSA opened at $22.80 on Tuesday. The stock has a 50 day moving average price of $23.77 and a 200-day moving average price of $27.23. Comcast Corporation has a one year low of $21.28 and a one year high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $81.45 billion, a P/E ratio of 7.38, a P/E/G ratio of 1.84 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. As a group, equities analysts predict that Comcast Corporation will post 3.47 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. Barclays set a $26.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a report on Friday. Freedom Capital upgraded Comcast to a “hold” rating in a research report on Friday, June 12th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. New Street Research cut their target price on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, Scotiabank set a $29.00 target price on Comcast in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.96.

Comcast Profile

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.