Entropy Technologies LP Buys 169,372 Shares of Comcast Corporation $CMCSA

Entropy Technologies LP lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 241.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,619 shares of the cable giant’s stock after acquiring an additional 169,372 shares during the quarter. Comcast accounts for about 0.7% of Entropy Technologies LP’s investment portfolio, making the stock its 25th largest holding. Entropy Technologies LP’s holdings in Comcast were worth $8,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC boosted its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Comcast by 22.5% in the first quarter. Venturi Wealth Management LLC now owns 40,069 shares of the cable giant’s stock valued at $1,479,000 after acquiring an additional 7,361 shares during the period. Triumph Capital Management boosted its position in Comcast by 5.8% in the first quarter. Triumph Capital Management now owns 14,874 shares of the cable giant’s stock worth $549,000 after purchasing an additional 819 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Comcast during the 1st quarter valued at about $450,000. Finally, AE Wealth Management LLC increased its position in shares of Comcast by 8.8% during the 1st quarter. AE Wealth Management LLC now owns 525,802 shares of the cable giant’s stock valued at $19,402,000 after purchasing an additional 42,445 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.9%

Shares of Comcast stock opened at $26.63 on Friday. 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. The company has a market capitalization of $97.04 billion, a P/E ratio of 4.43, a P/E/G ratio of 1.84 and a beta of 0.92. The company has a fifty day moving average of $29.59 and a 200 day moving average of $32.68.

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 return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CMCSA shares. Benchmark dropped their price objective 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. Evercore ISI dropped their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Morgan Stanley cut their price objective on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 target price (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Comcast in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target 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.