Quinn Opportunity Partners LLC Has $59.67 Million Stock Holdings in Comcast Corporation $CMCSA

Quinn Opportunity Partners LLC grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 126.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,899,239 shares of the cable giant’s stock after purchasing an additional 1,058,812 shares during the quarter. Comcast accounts for 4.2% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 2nd largest position. Quinn Opportunity Partners LLC owned about 0.05% of Comcast worth $59,674,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after acquiring an additional 1,257,196 shares in the last quarter. State Street Corp boosted its position in shares of Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares in the last quarter. Dodge & Cox grew its stake in shares of Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares during the last quarter. Norges Bank acquired a new position in shares of Comcast in the 2nd quarter worth approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 7.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after purchasing an additional 2,517,906 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $30.16 on Friday. The company’s fifty day moving average is $30.13 and its two-hundred day moving average is $29.88. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.72. The company has a market cap of $108.51 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Insider Buying and Selling at Comcast

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Finally, Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $34.87.

Comcast Profile

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.