Jump Financial LLC Has $6.18 Million Stock Holdings in Comcast Corporation $CMCSA

Jump Financial LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 70.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 173,224 shares of the cable giant’s stock after selling 407,428 shares during the period. Jump Financial LLC’s holdings in Comcast were worth $6,182,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the period. Cooper Financial Group acquired a new position in shares of Comcast in the first quarter worth approximately $236,000. Maia Wealth LLC boosted its holdings in Comcast by 3.9% in the first quarter. Maia Wealth LLC now owns 11,167 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 417 shares during the last quarter. Meridian Wealth Management LLC increased its position in Comcast by 3.4% during the 1st quarter. Meridian Wealth Management LLC now owns 15,224 shares of the cable giant’s stock valued at $562,000 after purchasing an additional 507 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its holdings in Comcast by 7.5% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 39,565 shares of the cable giant’s stock worth $1,460,000 after purchasing an additional 2,758 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $26.79 on Wednesday. The firm has a market capitalization of $97.62 billion, a P/E ratio of 4.46, a P/E/G ratio of 1.83 and a beta of 0.83. The firm’s 50-day moving average price is $28.29 and its 200-day moving average price is $31.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $40.37.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. UBS Group set a $34.00 price objective on shares of Comcast in a research note on Friday, October 31st. Oppenheimer set a $38.00 target price on shares of Comcast in a report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $30.00 price target (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Williams Trading set a $40.00 price objective on Comcast in a research report on Friday, October 31st. Finally, Pivotal Research dropped their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.82.

Comcast Company 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.