Semmax Financial Advisors Inc. Acquires 2,246 Shares of Comcast Co. (NASDAQ:CMCSA)

Semmax Financial Advisors Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,812 shares of the cable giant’s stock after purchasing an additional 2,246 shares during the quarter. Comcast makes up 1.6% of Semmax Financial Advisors Inc.’s portfolio, making the stock its 11th biggest position. Semmax Financial Advisors Inc.’s holdings in Comcast were worth $5,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brevan Howard Capital Management LP purchased a new position in shares of Comcast in the 4th quarter worth approximately $2,056,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after purchasing an additional 368,685 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its position in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.5 %

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 business’s 50-day moving average is $39.61 and its 200 day moving average is $39.62. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $159.81 billion, a price-to-earnings ratio of 10.78, 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. 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 report on Wednesday, July 24th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, KeyCorp dropped their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. 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’s stock. According to MarketBeat, Comcast has an average rating of “Hold” and an average target price of $45.78.

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.