Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 29.2% during the second quarter, Holdings Channel.com reports. The fund owned 22,049 shares of the cable giant’s stock after acquiring an additional 4,978 shares during the period. Chicago Capital LLC’s holdings in Comcast were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. increased its position in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Comcast by 71.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after buying an additional 21,112 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Comcast by 28.2% during the fourth quarter. Montag A & Associates Inc. now owns 7,720 shares of the cable giant’s stock valued at $339,000 after buying an additional 1,700 shares during the period. VisionPoint Advisory Group LLC boosted its position in Comcast by 211.7% during the fourth quarter. VisionPoint Advisory Group LLC now owns 1,141 shares of the cable giant’s stock worth $50,000 after acquiring an additional 775 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Comcast by 15.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 43,892 shares of the cable giant’s stock worth $1,925,000 after acquiring an additional 5,879 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMCSA shares. Evercore ISI reduced their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Finally, Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Performance

NASDAQ:CMCSA opened at $39.61 on Friday. The firm’s fifty day simple moving average is $39.24 and its 200 day simple moving average is $39.83. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.05 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

Comcast 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.