965,874 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 965,874 shares of the cable giant’s stock, valued at approximately $37,824,000. Comcast accounts for 2.0% of Distillate Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds have also modified their holdings of the business. Gilbert & Cook Inc. boosted its position in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after buying an additional 1,459 shares during the period. Gryphon Financial Partners LLC boosted its holdings in Comcast by 71.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after acquiring an additional 21,112 shares during the period. Congress Wealth Management LLC DE grew its position in Comcast by 21.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock valued at $1,288,000 after acquiring an additional 5,230 shares in the last quarter. Parallel Advisors LLC increased its stake in Comcast by 3.6% during the fourth quarter. Parallel Advisors LLC now owns 85,056 shares of the cable giant’s stock worth $3,730,000 after purchasing an additional 2,960 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Comcast by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,143,003 shares of the cable giant’s stock worth $137,821,000 after purchasing an additional 71,107 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 1.5 %

Shares of NASDAQ:CMCSA opened at $40.73 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. 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. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a fifty day moving average price of $39.61 and a 200 day moving average price of $39.62.

Comcast (NASDAQ:CMCSA) last released 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. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. Sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. 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 presently 32.80%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMCSA shares. Evercore ISI cut their target price 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. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus 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.