Quadrant Capital Group LLC Has $3.07 Million Stake in Comcast Corporation $CMCSA

Quadrant Capital Group LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSAFree Report) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,680 shares of the cable giant’s stock after purchasing an additional 17,585 shares during the quarter. Quadrant Capital Group LLC’s holdings in Comcast were worth $3,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC grew its holdings in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co raised its holdings in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast in the 2nd quarter worth about $29,000. Newbridge Financial Services Group Inc. bought a new position in Comcast in the 2nd quarter valued at about $31,000. Finally, Corsicana & Co. bought a new position in Comcast in the 3rd quarter valued at about $32,000. Institutional investors own 84.32% of the company’s stock.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

Comcast Trading Down 1.6%

NASDAQ:CMCSA opened at $30.57 on Thursday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.72. The firm has a 50-day moving average price of $30.12 and a two-hundred day moving average price of $29.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $109.99 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. On average, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s payout ratio is currently 24.58%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CMCSA shares. Royal Bank Of Canada decreased their price objective on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Daiwa Securities Group dropped their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Citigroup reiterated a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a report on Friday, January 30th. TD Cowen lowered their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Morgan Stanley lowered their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.87.

View Our Latest Report on Comcast

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Profile

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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