Cantor Fitzgerald Investment Advisors L.P. Buys 1,765 Shares of Comcast Corporation $CMCSA

Cantor Fitzgerald Investment Advisors L.P. grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,596 shares of the cable giant’s stock after buying an additional 1,765 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Comcast were worth $12,691,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMCSA. Nuveen LLC bought a new stake in Comcast during the 1st quarter worth approximately $940,015,000. Dodge & Cox increased its stake in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV lifted its stake in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after buying an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after buying an additional 4,128,434 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $30.94 on Thursday. The company has a market cap of $114.24 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94. Comcast Corporation has a 1 year low of $30.90 and a 1 year high of $45.31. The stock’s 50 day simple moving average is $32.89 and its two-hundred day simple moving average is $34.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Royal Bank Of Canada started coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. UBS Group decreased their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. The Goldman Sachs Group lowered their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Barclays reduced their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.07.

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.