Comcast Co. (NASDAQ:CMCSA) Position Boosted by RNC Capital Management LLC

RNC Capital Management LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,328,856 shares of the cable giant’s stock after purchasing an additional 32,737 shares during the quarter. Comcast accounts for 3.5% of RNC Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. RNC Capital Management LLC’s holdings in Comcast were worth $58,270,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMCSA. Ironwood Wealth Management LLC. grew its holdings in Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after acquiring an additional 363 shares during the last quarter. United Bank boosted its stake in shares of Comcast by 17.4% during the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after purchasing an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Comcast by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after purchasing an additional 928,627 shares in the last quarter. Covestor Ltd boosted its stake in shares of Comcast by 104.4% during the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock valued at $163,000 after purchasing an additional 1,773 shares in the last quarter. Finally, First Western Trust Bank bought a new stake in shares of Comcast during the 1st quarter valued at about $482,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.

Comcast Trading Up 1.4 %

Shares of CMCSA opened at $43.07 on Thursday. The company’s fifty day simple moving average is $43.08 and its 200-day simple moving average is $43.22. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The company has a market cap of $171.07 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.97 and a beta of 0.98. Comcast Co. has a twelve month low of $36.35 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. As a group, analysts expect that Comcast Co. will post 4.3 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.31 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.18%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Rosenblatt Securities lifted their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Pivotal Research boosted their price objective on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Citigroup boosted their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.68.

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.