WBI Investments LLC Increases Stock Position in Comcast Corporation $CMCSA

WBI Investments LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 25,295 shares of the cable giant’s stock after acquiring an additional 2,431 shares during the period. WBI Investments LLC’s holdings in Comcast were worth $903,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its holdings in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the period. Advisor OS LLC lifted its position in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after purchasing an additional 13,653 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its stake in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after buying an additional 118,839 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $27.36 on Wednesday. The stock’s 50-day simple moving average is $29.86 and its 200-day simple moving average is $32.77. The firm has a market capitalization of $99.70 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $44.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMCSA shares. Citigroup dropped their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Sanford C. Bernstein lowered their target price on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 31st. Loop Capital cut their price target on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Rosenblatt Securities decreased their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $35.92.

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.