Sierra Summit Advisors LLC Has $1.09 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sierra Summit Advisors LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,762 shares of the cable giant’s stock after buying an additional 2,201 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Comcast were worth $1,087,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMCSA. Capital World Investors grew its stake in shares of Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Harris Associates L P increased its holdings in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after purchasing an additional 1,854,671 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Comcast by 3.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after purchasing an additional 368,685 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock opened at $39.55 on Monday. The business has a 50-day simple moving average of $39.36 and a 200 day simple moving average of $39.72. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $153.16 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.03 and a beta of 1.01.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday. Evercore ISI dropped their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $45.78.

Comcast 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.