Stevens Capital Management LP Purchases Shares of 24,442 Comcast Corporation $CMCSA

Stevens Capital Management LP acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,442 shares of the cable giant’s stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Mufg Securities Americas Inc. boosted its stake in Comcast by 23.6% in the 2nd quarter. Mufg Securities Americas Inc. now owns 82,540 shares of the cable giant’s stock worth $2,946,000 after purchasing an additional 15,777 shares during the period. AXQ Capital LP lifted its holdings in shares of Comcast by 27.8% in the second quarter. AXQ Capital LP now owns 20,484 shares of the cable giant’s stock valued at $731,000 after purchasing an additional 4,460 shares in the last quarter. Journey Strategic Wealth LLC boosted its position in shares of Comcast by 94.5% during the second quarter. Journey Strategic Wealth LLC now owns 26,631 shares of the cable giant’s stock worth $950,000 after buying an additional 12,936 shares during the period. Mediolanum International Funds Ltd boosted its position in shares of Comcast by 3.5% during the second quarter. Mediolanum International Funds Ltd now owns 504,752 shares of the cable giant’s stock worth $17,828,000 after buying an additional 17,154 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Comcast by 14.2% during the second quarter. Brandywine Global Investment Management LLC now owns 8,481,249 shares of the cable giant’s stock worth $302,696,000 after buying an additional 1,052,529 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 2.7%

Comcast stock opened at $27.35 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50-day moving average is $29.48 and its 200-day moving average is $32.64. The firm has a market capitalization of $99.66 billion, a PE ratio of 4.55, a P/E/G ratio of 1.83 and a beta of 0.92. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $44.03.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s payout ratio is presently 21.96%.

Analysts Set New Price Targets

Several equities research analysts have commented on CMCSA shares. Benchmark cut their target price on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Comcast in a report on Friday, October 31st. Evercore ISI cut their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Citigroup reduced their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, UBS Group set a $34.00 price target on shares of Comcast in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.92.

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.