SevenBridge Financial Group LLC Increases Stake in Comcast Co. (CMCSA)

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SevenBridge Financial Group LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 112.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,627 shares of the cable giant’s stock after buying an additional 4,030 shares during the period. SevenBridge Financial Group LLC’s holdings in Comcast were worth $250,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hilltop Holdings Inc. bought a new position in Comcast in the 2nd quarter worth about $544,000. Aristotle Atlantic Partners LLC boosted its stake in Comcast by 25.4% in the 2nd quarter. Aristotle Atlantic Partners LLC now owns 9,911 shares of the cable giant’s stock worth $325,000 after purchasing an additional 2,007 shares in the last quarter. Signaturefd LLC boosted its stake in Comcast by 28.7% in the 2nd quarter. Signaturefd LLC now owns 24,024 shares of the cable giant’s stock worth $788,000 after purchasing an additional 5,353 shares in the last quarter. Arrowgrass Capital Partners US LP bought a new position in Comcast in the 2nd quarter worth about $3,117,000. Finally, Paloma Partners Management Co boosted its stake in Comcast by 215.9% in the 2nd quarter. Paloma Partners Management Co now owns 219,526 shares of the cable giant’s stock worth $7,203,000 after purchasing an additional 150,029 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

A number of equities analysts have weighed in on the company. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. Robert W. Baird decreased their target price on Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. Pivotal Research reissued a “buy” rating and issued a $48.00 target price on shares of Comcast in a research report on Monday, July 30th. Macquarie set a $35.00 target price on Comcast and gave the stock a “hold” rating in a research report on Wednesday, May 23rd. Finally, BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.79.

NASDAQ CMCSA opened at $36.96 on Friday. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00. The stock has a market cap of $167.62 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. sell-side analysts forecast that Comcast Co. will post 2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s payout ratio is currently 36.89%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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