Qsemble Capital Management LP Makes New $5.40 Million Investment in Comcast Co. (NASDAQ:CMCSA)

Qsemble Capital Management LP acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 129,358 shares of the cable giant’s stock, valued at approximately $5,403,000. Comcast comprises about 1.0% of Qsemble Capital Management LP’s holdings, making the stock its 10th biggest holding.

A number of other large investors have also recently bought and sold shares of the business. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast during the second quarter valued at approximately $27,000. IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock traded down $0.07 during trading on Monday, reaching $43.40. The company’s stock had a trading volume of 2,033,509 shares, compared to its average volume of 19,534,988. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $41.98 and a two-hundred day moving average price of $40.05. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market capitalization of $166.07 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.