Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,035 shares of the cable giant’s stock after purchasing an additional 790 shares during the period. Perennial Investment Advisors LLC’s holdings in Comcast were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Brevan Howard Capital Management LP acquired a new stake in Comcast in the fourth quarter valued at $2,056,000. Hotchkis & Wiley Capital Management LLC grew its stake in Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares during the last quarter. Capital Investment Advisors LLC raised its position in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank raised its position in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its position in shares of Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.2 %

Shares of CMCSA opened at $39.28 on Wednesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company’s fifty day moving average is $39.43 and its two-hundred day moving average is $39.67. The firm has a market cap of $154.12 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

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.