Kimelman & Baird LLC Purchases New Stake in Comcast Co. (NASDAQ:CMCSA)

Kimelman & Baird LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,228 shares of the cable giant’s stock, valued at approximately $1,380,000.

Several other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Harris Associates L P increased its stake in shares of Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

Shares of CMCSA opened at $41.64 on Monday. The firm has a market cap of $163.38 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The business’s 50 day moving average price is $39.69 and its two-hundred day moving average price is $39.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current 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 paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. 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.