Davidson Investment Advisors Acquires 124,484 Shares of Comcast Corporation $CMCSA

Davidson Investment Advisors increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 37.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 457,691 shares of the cable giant’s stock after acquiring an additional 124,484 shares during the quarter. Davidson Investment Advisors’ holdings in Comcast were worth $16,335,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Rosenberg Matthew Hamilton increased its position in Comcast by 99.2% during the second quarter. Rosenberg Matthew Hamilton now owns 8,470 shares of the cable giant’s stock worth $302,000 after acquiring an additional 4,218 shares during the period. Generali Asset Management SPA SGR increased its holdings in Comcast by 6.3% in the 2nd quarter. Generali Asset Management SPA SGR now owns 430,476 shares of the cable giant’s stock valued at $15,364,000 after buying an additional 25,345 shares during the period. Granite Group Advisors LLC increased its holdings in Comcast by 10.6% in the 2nd quarter. Granite Group Advisors LLC now owns 58,262 shares of the cable giant’s stock valued at $2,079,000 after buying an additional 5,585 shares during the period. Bayforest Capital Ltd bought a new position in Comcast in the 2nd quarter valued at about $168,000. Finally, Sagespring Wealth Partners LLC increased its holdings in Comcast by 8.8% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 69,608 shares of the cable giant’s stock valued at $2,484,000 after buying an additional 5,654 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.9%

CMCSA opened at $29.72 on Thursday. The company’s 50 day moving average is $32.32 and its 200-day moving average is $33.80. Comcast Corporation has a 1-year low of $29.39 and a 1-year 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 company has a market cap of $109.73 billion, a P/E ratio of 4.91, a PEG ratio of 1.77 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 for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.4%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

Several equities analysts have commented on CMCSA shares. Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. KeyCorp decreased their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Scotiabank reissued a “sector perform” rating and issued a $45.50 target price (up from $45.00) on shares of Comcast in a report on Monday, October 6th. UBS Group set a $43.00 target price on shares of Comcast in a report on Friday, October 3rd. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.94.

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.