111 Capital Acquires 45,855 Shares of Comcast Corporation $CMCSA

111 Capital raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 56.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 126,581 shares of the cable giant’s stock after buying an additional 45,855 shares during the quarter. Comcast accounts for about 0.8% of 111 Capital’s investment portfolio, making the stock its 21st largest holding. 111 Capital’s holdings in Comcast were worth $4,518,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen LLC purchased a new position in Comcast during the first quarter valued at $940,015,000. Harris Associates L P raised its stake in Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after buying an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after buying an additional 427,705 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CMCSA shares. UBS Group set a $43.00 price objective on Comcast in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Comcast in a research note on Saturday, September 27th. Moffett Nathanson boosted their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Bank of America reduced their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Morgan Stanley reduced their price objective on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.26.

Comcast Stock Performance

NASDAQ:CMCSA opened at $30.90 on Friday. The stock has a 50-day simple moving average of $32.73 and a two-hundred day simple moving average of $34.16. Comcast Corporation has a 52-week low of $30.38 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $114.09 billion, a PE ratio of 5.11, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Comcast’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s dividend payout ratio is 21.82%.

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.