Asset Management Group Inc. Has $283,000 Position in Comcast Co. (NASDAQ:CMCSA)

Asset Management Group Inc. grew its stake in Comcast Co. (NASDAQ:CMCSA) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,222 shares of the cable giant’s stock after purchasing an additional 709 shares during the quarter. Asset Management Group Inc.’s holdings in Comcast were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Boston Research & Management Inc. increased its position in Comcast by 2.2% during the 2nd quarter. Boston Research & Management Inc. now owns 129,468 shares of the cable giant’s stock worth $5,069,000 after buying an additional 2,780 shares during the period. Sei Investments Co. increased its position in Comcast by 8.4% during the second quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant’s stock worth $92,026,000 after acquiring an additional 182,130 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Comcast by 32.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,077,132 shares of the cable giant’s stock worth $42,197,000 after purchasing an additional 261,160 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in Comcast by 46.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 155,850 shares of the cable giant’s stock valued at $6,103,000 after purchasing an additional 49,084 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Comcast by 45.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 160,112 shares of the cable giant’s stock worth $6,270,000 after purchasing an additional 50,372 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $40.11 on Friday. 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 Co. has a one year low of $36.43 and a one year high of $47.11. The business’s 50 day simple moving average is $39.57 and its 200 day simple moving average is $39.66. The stock has a market capitalization of $157.38 billion, a PE ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. KeyCorp decreased their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.78.

Comcast 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.