Comcast Co. (NASDAQ:CMCSA) Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,126 shares of the cable giant’s stock after buying an additional 14,350 shares during the period. Comcast comprises about 1.1% of Beverly Hills Private Wealth LLC’s holdings, making the stock its 14th largest position. Beverly Hills Private Wealth LLC’s holdings in Comcast were worth $5,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Cornercap Investment Counsel Inc. purchased a new position in shares of Comcast during the second quarter worth about $3,158,000. Jupiter Asset Management Ltd. grew its holdings in shares of Comcast by 11.8% during the second quarter. Jupiter Asset Management Ltd. now owns 2,521,116 shares of the cable giant’s stock worth $98,727,000 after purchasing an additional 265,949 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Comcast by 5.4% during the second quarter. American Century Companies Inc. now owns 3,152,738 shares of the cable giant’s stock worth $123,461,000 after purchasing an additional 161,737 shares during the last quarter. Linscomb Wealth Inc. grew its holdings in shares of Comcast by 0.4% during the second quarter. Linscomb Wealth Inc. now owns 201,701 shares of the cable giant’s stock worth $7,899,000 after purchasing an additional 831 shares during the last quarter. Finally, Sentry Investment Management LLC grew its holdings in shares of Comcast by 121.7% during the second quarter. Sentry Investment Management LLC now owns 18,922 shares of the cable giant’s stock worth $741,000 after purchasing an additional 10,386 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $38.68 on Thursday. The firm has a 50 day moving average of $39.30 and a 200-day moving average of $39.78. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market cap of $151.77 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.05 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the firm earned $1.13 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMCSA. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group began coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $45.78.

About Comcast

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.