Ieq Capital LLC Acquires 9,200 Shares of Comcast Co. (NASDAQ:CMCSA)

Ieq Capital LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,563 shares of the cable giant’s stock after acquiring an additional 9,200 shares during the quarter. Ieq Capital LLC’s holdings in Comcast were worth $8,559,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Bollard Group LLC boosted its position in Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after purchasing an additional 244 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Comcast by 4.5% in the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after buying an additional 249 shares during the last quarter. Greenwich Wealth Management LLC grew its position in Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares during the period. Verum Partners LLC increased its holdings in Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares during the last quarter. Finally, Mcdonald Partners LLC raised its position in Comcast by 1.4% in the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Stock Up 1.1 %

CMCSA opened at $40.27 on Friday. The firm has a market capitalization of $158.00 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a fifty day moving average price of $39.53 and a 200-day moving average price of $39.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted 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 return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

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.