FORA Capital LLC Makes New Investment in Comcast Corporation $CMCSA

FORA Capital LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 158,302 shares of the cable giant’s stock, valued at approximately $5,650,000.

Other institutional investors also recently modified their holdings of the company. Foster Group Inc. lifted its stake in Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC grew its stake in shares of Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares during the period. Webster Bank N. A. raised its holdings in shares of Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares during the last quarter. United Asset Strategies Inc. lifted its position in Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after purchasing an additional 308 shares during the period. Finally, Coign Capital Advisors LLC boosted its holdings in Comcast by 2.1% in the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after purchasing an additional 324 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.3%

NASDAQ CMCSA opened at $27.23 on Friday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $40.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $99.22 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The stock’s 50-day moving average price is $28.09 and its 200-day moving average price is $31.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion during the quarter. On average, equities research analysts predict 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, February 4th. Stockholders 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 4.8%. Comcast’s dividend payout ratio is 21.96%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein decreased their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada reduced their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, November 4th. UBS Group set a $34.00 price target on Comcast in a research note on Friday, October 31st. Finally, BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, November 4th. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $35.78.

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.