Comcast Corporation $CMCSA Shares Bought by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 840,427 shares of the cable giant’s stock after purchasing an additional 39,000 shares during the period. Comcast comprises about 2.5% of Quinn Opportunity Partners LLC’s holdings, making the stock its 5th largest position. Quinn Opportunity Partners LLC’s holdings in Comcast were worth $29,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dodge & Cox increased its position in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. First Eagle Investment Management LLC grew its position in Comcast by 1.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after purchasing an additional 490,923 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Comcast by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the period. Nuveen LLC purchased a new stake in shares of Comcast in the first quarter valued at about $940,015,000. Finally, Harris Associates L P boosted its stake in shares of Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Scotiabank cut their price target on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Benchmark decreased their price target on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, October 31st. Oppenheimer set a $38.00 price objective on shares of Comcast in a research note on Tuesday, November 4th. Finally, Barclays reduced their target price on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Ten 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 stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $27.45 on Wednesday. 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 Corporation has a one year low of $25.75 and a one year high of $44.20. The firm has a market capitalization of $100.02 billion, a P/E ratio of 4.57, a PEG ratio of 1.76 and a beta of 0.92. The company’s fifty day moving average is $30.49 and its two-hundred day moving average is $33.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 firm had revenue of $30.34 billion during the quarter. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

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.