Clarius Group LLC Grows Position in Comcast Corporation $CMCSA

Clarius Group LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,603 shares of the cable giant’s stock after buying an additional 1,846 shares during the quarter. Clarius Group LLC’s holdings in Comcast were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CMCSA. Nuveen LLC purchased a new stake in shares of Comcast in the first quarter valued at about $940,015,000. Dodge & Cox grew its holdings in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV grew its holdings in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMCSA. The Goldman Sachs Group dropped their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Moffett Nathanson upped their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Loop Capital decreased their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Arete Research raised shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley reduced their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.26.

Comcast Stock Up 1.6%

Shares of NASDAQ:CMCSA opened at $30.90 on Monday. The firm’s 50 day moving average price is $32.73 and its 200 day moving average price is $34.13. The stock has a market cap of $114.09 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $30.38 and a fifty-two week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share 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 analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. As a group, equities research analysts predict 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, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is 21.82%.

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.