Comcast Corporation $CMCSA Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 93.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,713 shares of the cable giant’s stock after selling 229,894 shares during the period. Quadrature Capital Ltd’s holdings in Comcast were worth $560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Avalon Trust Co lifted its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC grew its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4%

CMCSA opened at $26.58 on Tuesday. The firm has a market capitalization of $96.85 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The company’s 50 day simple moving average is $28.83 and its two-hundred day simple moving average is $32.27. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $43.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (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. Analysts expect 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, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, November 4th. Moffett Nathanson reduced their price target on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Cowen reiterated a “buy” rating on shares of Comcast in a report on Friday, October 31st. Pivotal Research cut their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Royal Bank Of Canada decreased their target price on Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.