FORA Capital LLC Makes New Investment in Comcast Corporation $CMCSA

FORA Capital LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 158,302 shares of the cable giant’s stock, valued at approximately $5,650,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cranbrook Wealth Management LLC increased its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings 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 valued at $27,000 after purchasing an additional 671 shares during the last quarter. Avalon Trust Co grew its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Comcast in the first quarter worth about $29,000. Finally, Howard Hughes Medical Institute bought a new position in Comcast during the second quarter valued at approximately $29,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $27.23 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm 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. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $40.20. The company’s 50-day moving average is $28.09 and its 200 day moving average is $31.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion for the quarter. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMCSA. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, November 4th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Oppenheimer set a $38.00 target price on shares of Comcast in a report on Tuesday, November 4th. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, November 4th. Finally, Benchmark reduced their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.