Sciencast Management LP Invests $1.38 Million in Comcast Corporation (CMCSA)
Sciencast Management LP acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,318 shares of the cable giant’s stock, valued at approximately $1,375,000. Comcast comprises about 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 12th biggest position.
Several other institutional investors also recently made changes to their positions in CMCSA. Southpoint Capital Advisors LP acquired a new stake in Comcast during the 2nd quarter worth $136,220,000. Carret Asset Management LLC raised its holdings in shares of Comcast by 3.2% during the 2nd quarter. Carret Asset Management LLC now owns 239,940 shares of the cable giant’s stock worth $9,338,000 after acquiring an additional 7,358 shares during the period. Gotham Asset Management LLC raised its holdings in Comcast by 96.8% in the 2nd quarter. Gotham Asset Management LLC now owns 939,513 shares of the cable giant’s stock valued at $36,566,000 after buying an additional 462,100 shares during the period. Monetary Management Group Inc. raised its holdings in Comcast by 1.2% in the 2nd quarter. Monetary Management Group Inc. now owns 96,446 shares of the cable giant’s stock valued at $3,754,000 after buying an additional 1,100 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in Comcast by 6.3% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,432 shares of the cable giant’s stock valued at $1,262,000 after buying an additional 1,918 shares during the period. 82.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $38.44 on Tuesday. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $177,369.61, a P/E ratio of 18.83, a PEG ratio of 1.81 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. research analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 30.36%.
A number of analysts have issued reports on CMCSA shares. Macquarie reiterated a “buy” rating and set a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Buckingham Research started coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Finally, OTR Global downgraded Comcast to a “positive” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.72.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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