Waterloo Capital L.P. Increases Holdings in Comcast Corporation $CMCSA

Waterloo Capital L.P. boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 50.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,166 shares of the cable giant’s stock after buying an additional 3,430 shares during the quarter. Waterloo Capital L.P.’s holdings in Comcast were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Dodge & Cox lifted its stake in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after buying an additional 2,517,906 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Comcast by 1.4% during the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock valued at $1,281,458,000 after buying an additional 490,923 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Comcast in the first quarter worth about $940,015,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $26.46 on Tuesday. The business has a 50 day moving average of $29.36 and a 200 day moving average of $32.55. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.03. The company has a market cap of $96.42 billion, a PE ratio of 4.40, a P/E/G ratio of 1.88 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released 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 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast’s payout ratio is currently 21.96%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. Cowen restated a “buy” rating on shares of Comcast in a report on Friday, October 31st. Barclays lowered their price objective on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Benchmark cut their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Scotiabank decreased their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Finally, Daiwa Capital Markets lowered their price target on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.92.

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.