32,825 Shares in Comcast Corporation $CMCSA Acquired by Caxton Associates LLP

Caxton Associates LLP purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,825 shares of the cable giant’s stock, valued at approximately $1,211,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sculati Wealth Management LLC grew its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after acquiring an additional 285 shares during the last quarter. Toth Financial Advisory Corp grew its position in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after acquiring an additional 300 shares during the last quarter. Clearstead Trust LLC grew its position in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after acquiring an additional 305 shares during the last quarter. United Asset Strategies Inc. grew its position in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Comcast by 0.6% during the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock worth $1,999,000 after acquiring an additional 310 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CMCSA shares. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. UBS Group dropped their price objective on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Rosenblatt Securities increased their price objective on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $40.63.

Comcast Trading Down 1.0%

CMCSA opened at $33.67 on Wednesday. The stock has a market cap of $124.32 billion, a PE ratio of 5.57, a PEG ratio of 2.04 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $33.94 and a 200-day moving average of $34.64. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31.

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

Comcast Announces Dividend

The company also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Comcast Profile

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.