Consolidated Portfolio Review Corp Makes New $219,000 Investment in Comcast Corporation $CMCSA

Consolidated Portfolio Review Corp acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,145 shares of the cable giant’s stock, valued at approximately $219,000.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Columbia Asset Management raised its position in Comcast by 10.4% during the second quarter. Columbia Asset Management now owns 14,289 shares of the cable giant’s stock worth $510,000 after acquiring an additional 1,350 shares in the last quarter. Chicago Capital LLC increased its stake in shares of Comcast by 24.7% during the 2nd quarter. Chicago Capital LLC now owns 55,518 shares of the cable giant’s stock worth $1,981,000 after purchasing an additional 10,987 shares during the last quarter. XML Financial LLC raised its holdings in shares of Comcast by 0.9% in the 2nd quarter. XML Financial LLC now owns 39,493 shares of the cable giant’s stock valued at $1,410,000 after purchasing an additional 345 shares during the period. Capital Investment Advisors LLC lifted its stake in Comcast by 47.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 81,122 shares of the cable giant’s stock valued at $2,895,000 after purchasing an additional 26,236 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in Comcast by 5.6% during the second quarter. HB Wealth Management LLC now owns 289,000 shares of the cable giant’s stock worth $10,314,000 after purchasing an additional 15,310 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 1.7%

CMCSA stock opened at $30.40 on Friday. Comcast Corporation has a fifty-two week low of $30.38 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $112.24 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94. The business’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $34.20.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the prior year, the company posted $1.21 earnings per share. Comcast’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

Several analysts have issued reports on CMCSA shares. UBS Group dropped their price objective on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. Barclays decreased their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. The Goldman Sachs Group decreased their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Benchmark restated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $40.07.

Comcast Company 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.