Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Loudon Investment Management LLC

Loudon Investment Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,440 shares of the cable giant’s stock after buying an additional 2,980 shares during the period. Comcast accounts for 2.3% of Loudon Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Loudon Investment Management LLC’s holdings in Comcast were worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Bollard Group LLC grew its position in shares of Comcast by 0.7% during the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after acquiring an additional 249 shares during the last quarter. Verum Partners LLC grew its position in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after acquiring an additional 267 shares during the last quarter. L.M. Kohn & Company grew its position in shares of Comcast by 3.5% during the fourth quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock worth $351,000 after acquiring an additional 270 shares during the last quarter. Finally, Mcdonald Partners LLC grew its position in Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Pivotal Research cut their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. KeyCorp cut their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Stock Performance

CMCSA stock traded down $0.19 during midday trading on Friday, hitting $39.61. 18,549,208 shares of the company traded hands, compared to its average volume of 19,988,055. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $39.85. The stock has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share 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 company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the business earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.