Kiltearn Partners LLP Has $59.09 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Kiltearn Partners LLP lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,508,861 shares of the cable giant’s stock after selling 262,000 shares during the quarter. Comcast accounts for 7.2% of Kiltearn Partners LLP’s holdings, making the stock its 2nd biggest position. Kiltearn Partners LLP’s holdings in Comcast were worth $59,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cheviot Value Management LLC boosted its stake in shares of Comcast by 8.1% during the 2nd quarter. Cheviot Value Management LLC now owns 263,008 shares of the cable giant’s stock worth $10,299,000 after acquiring an additional 19,702 shares during the period. Providence Capital Advisors LLC boosted its stake in shares of Comcast by 13.0% in the second quarter. Providence Capital Advisors LLC now owns 143,172 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 16,500 shares during the period. Resources Management Corp CT ADV grew its holdings in shares of Comcast by 12.7% during the 2nd quarter. Resources Management Corp CT ADV now owns 16,230 shares of the cable giant’s stock worth $636,000 after purchasing an additional 1,832 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Comcast by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock valued at $3,115,000 after buying an additional 2,153 shares during the period. Finally, Public Sector Pension Investment Board raised its position in Comcast by 13.0% during the second quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock valued at $21,300,000 after purchasing an additional 62,514 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CMCSA. Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Up 1.5 %

Shares of CMCSA stock opened at $40.73 on Tuesday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a 50 day simple moving average of $39.61 and a two-hundred day simple moving average of $39.62. The stock has a market cap of $159.81 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.03 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.