Interchange Capital Partners LLC Purchases 13,501 Shares of Comcast Co. (NASDAQ:CMCSA)

Interchange Capital Partners LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 101.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,800 shares of the cable giant’s stock after acquiring an additional 13,501 shares during the quarter. Interchange Capital Partners LLC’s holdings in Comcast were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its stake in shares of Comcast by 1,496.3% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 711,803 shares of the cable giant’s stock valued at $31,213,000 after buying an additional 667,213 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Comcast by 5.3% in the 4th quarter. Fisher Asset Management LLC now owns 100,637 shares of the cable giant’s stock worth $4,413,000 after purchasing an additional 5,108 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Comcast by 1.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 968,433 shares of the cable giant’s stock worth $42,466,000 after buying an additional 17,215 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Comcast by 5.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 380,180 shares of the cable giant’s stock worth $16,671,000 after buying an additional 20,867 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.3 %

NASDAQ:CMCSA traded up $0.11 on Friday, reaching $39.57. 25,874,923 shares of the stock traded hands, compared to its average volume of 15,090,293. The company’s fifty day simple moving average is $39.14 and its 200 day simple moving average is $39.91. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.30. The company has a market capitalization of $153.23 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.05 and a beta of 1.00. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 earnings per share. Equities analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

Several research firms recently commented on CMCSA. Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. Finally, Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $45.78.

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.