Brucke Financial Inc. Raises Stock Holdings in Comcast Corporation $CMCSA

Brucke Financial Inc. raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,839 shares of the cable giant’s stock after acquiring an additional 781 shares during the period. Brucke Financial Inc.’s holdings in Comcast were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CMCSA. Nuveen LLC bought a new position in shares of Comcast during the 1st quarter valued at approximately $940,015,000. Dodge & Cox increased its position in shares of Comcast by 19.1% during the 1st 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 during the last quarter. Pacer Advisors Inc. increased its position in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. KBC Group NV increased its position in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA opened at $29.46 on Friday. Comcast Corporation has a 12-month low of $29.42 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $33.95. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. 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 4.5%. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CMCSA shares. The Goldman Sachs Group cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Bank of America cut their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Royal Bank Of Canada started coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Loop Capital cut their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Finally, Morgan Stanley set a $35.00 price objective on Comcast and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $39.94.

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.