Comcast Co. (NASDAQ:CMCSA) Shares Bought by Heron Bay Capital Management

Heron Bay Capital Management lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,262 shares of the cable giant’s stock after acquiring an additional 301 shares during the quarter. Comcast accounts for approximately 1.9% of Heron Bay Capital Management’s portfolio, making the stock its 24th largest holding. Heron Bay Capital Management’s holdings in Comcast were worth $8,782,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Steph & Co. grew its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the 2nd quarter worth about $27,000. OLD Point Trust & Financial Services N A acquired a new position in Comcast in the fourth quarter valued at $28,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new stake in Comcast during the 4th quarter worth $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CMCSA. Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp reduced their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Pivotal Research reduced their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Evercore ISI dropped their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Stock Down 0.4 %

NASDAQ:CMCSA opened at $40.11 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $39.65. The company has a market cap of $157.38 billion, a PE ratio of 10.61, a PEG ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. Comcast’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s dividend payout ratio (DPR) is currently 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.