Core Alternative Capital Has $177,000 Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Core Alternative Capital boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,806 shares of the cable giant’s stock after buying an additional 462 shares during the period. Core Alternative Capital’s holdings in Comcast were worth $177,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aviva PLC lifted its stake in shares of Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock valued at $87,359,000 after buying an additional 156,986 shares during the period. DAVENPORT & Co LLC increased its stake in Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after acquiring an additional 1,261,278 shares during the period. First Eagle Investment Management LLC raised its holdings in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after acquiring an additional 2,270,186 shares in the last quarter. Argentarii LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $769,000. Finally, Geode Capital Management LLC lifted its position in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Scotiabank restated a “sector perform” rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. TD Cowen decreased their price target on shares of Comcast from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays lowered their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.96.

Comcast Trading Up 0.3%

Shares of CMCSA opened at $35.93 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.74 and a beta of 0.95. The stock has a fifty day moving average price of $34.81 and a two-hundred day moving average price of $35.50. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

About Comcast

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.