Quantessence Capital LLC Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Quantessence Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,428 shares of the cable giant's stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC grew its position in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after acquiring an additional 282 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors increased its position in shares of Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its position in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after buying an additional 300 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Barclays cut their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Citigroup lowered their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday. Finally, Rosenblatt Securities reduced their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.98.

Comcast Stock Up 2.1 %

CMCSA traded up $0.71 during trading hours on Friday, hitting $33.90. 29,362,656 shares of the company's stock were exchanged, compared to its average volume of 21,851,487. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's 50-day moving average is $35.35 and its two-hundred day moving average is $38.08. The stock has a market cap of $128.18 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were paid a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.89%. Comcast's dividend payout ratio is currently 31.81%.

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.