Aljian Capital Management LLC Takes $244,000 Position in Comcast Co. (NASDAQ:CMCSA)

Aljian Capital Management LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, Holdings Channel.com reports. The fund bought 5,834 shares of the cable giant’s stock, valued at approximately $244,000.

Several other large investors also recently bought and sold shares of CMCSA. Edgestream Partners L.P. raised its stake in Comcast by 8.0% in the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock valued at $2,080,000 after buying an additional 3,553 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Comcast by 17.0% during the first quarter. Hillsdale Investment Management Inc. now owns 16,540 shares of the cable giant’s stock worth $717,000 after purchasing an additional 2,400 shares during the last quarter. Rockport Wealth LLC acquired a new position in Comcast in the first quarter valued at approximately $457,000. Atlanta Consulting Group Advisors LLC purchased a new position in Comcast in the first quarter valued at approximately $634,000. Finally, Arjuna Capital increased its stake in Comcast by 8.0% in the first quarter. Arjuna Capital now owns 161,659 shares of the cable giant’s stock valued at $7,008,000 after purchasing an additional 11,933 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $42.88 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $164.08 billion, a PE ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The stock has a fifty day moving average price of $41.61 and a 200 day moving average price of $39.89. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.