Comcast Co. (NASDAQ:CMCSA) Position Lifted by Hengehold Capital Management LLC

Hengehold Capital Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 30.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 68,909 shares of the cable giant’s stock after acquiring an additional 15,953 shares during the period. Hengehold Capital Management LLC’s holdings in Comcast were worth $2,987,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Cypress Wealth Services LLC boosted its holdings in Comcast by 6.1% in the first quarter. Cypress Wealth Services LLC now owns 16,926 shares of the cable giant’s stock worth $734,000 after purchasing an additional 980 shares during the period. Investment Partners LTD. boosted its holdings in Comcast by 16.7% in the first quarter. Investment Partners LTD. now owns 8,202 shares of the cable giant’s stock worth $356,000 after purchasing an additional 1,171 shares during the period. Thrive Wealth Management LLC boosted its holdings in Comcast by 12.0% in the first quarter. Thrive Wealth Management LLC now owns 19,179 shares of the cable giant’s stock worth $831,000 after purchasing an additional 2,057 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Comcast by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 808,607 shares of the cable giant’s stock worth $35,053,000 after purchasing an additional 5,824 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Comcast by 13.1% in the first quarter. Procyon Advisors LLC now owns 145,095 shares of the cable giant’s stock worth $6,290,000 after purchasing an additional 16,856 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CMCSA shares. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Citigroup reduced their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a report on Tuesday, June 11th. Finally, Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.62.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

Comcast stock traded up $0.58 during midday trading on Friday, hitting $38.86. The company’s stock had a trading volume of 9,399,517 shares, compared to its average volume of 20,455,535. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average price is $38.76 and its 200-day moving average price is $41.44. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market capitalization of $152.47 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.