Perbak Capital Partners LLP Makes New $280,000 Investment in Comcast Corporation $CMCSA

Perbak Capital Partners LLP bought a new position in Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 7,591 shares of the cable giant’s stock, valued at approximately $280,000.

Several other hedge funds have also recently made changes to their positions in CMCSA. Dodge & Cox increased its stake in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Comcast by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after purchasing an additional 4,991,891 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock valued at $977,880,000 after buying an additional 497,829 shares during the period. Finally, Nuveen LLC purchased a new stake in Comcast during the 1st quarter valued at $940,015,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Barclays reduced their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. UBS Group dropped their target price on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 1st. Finally, Moffett Nathanson upped their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.73.

Comcast Price Performance

Comcast stock opened at $34.13 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $126.02 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The firm has a 50-day moving average of $34.10 and a two-hundred day moving average of $34.72. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

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.