Sumitomo Mitsui DS Asset Management Company Ltd Has $17.37 Million Stake in Comcast Corporation $CMCSA

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,647 shares of the cable giant’s stock after buying an additional 21,622 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Comcast were worth $17,368,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the first quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the first quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC lifted its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its holdings in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after purchasing an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 2.4%

Shares of CMCSA opened at $31.64 on Friday. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The business’s fifty day moving average is $33.52 and its 200-day moving average is $34.50. 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 cap of $116.82 billion, a price-to-earnings ratio of 5.23, a PEG ratio of 1.94 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last issued 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 company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the company posted $1.21 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared 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 is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Morgan Stanley dropped their price target on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, August 4th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. 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. Sanford C. Bernstein dropped their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. Finally, Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen 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 target price of $40.56.

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.