12,286 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel reports. The firm acquired 12,286 shares of the cable giant’s stock, valued at approximately $539,000.

Several other hedge funds also recently modified their holdings of CMCSA. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Comcast in the fourth quarter valued at approximately $29,000. DHJJ Financial Advisors Ltd. bought a new position in Comcast in the third quarter valued at approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Comcast by 205.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock valued at $38,000 after acquiring an additional 617 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.28 during trading on Friday, reaching $43.35. The company’s stock had a trading volume of 21,157,395 shares, compared to its average volume of 21,456,214. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $172.18 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The firm has a 50 day moving average price of $43.09 and a 200 day moving average price of $43.22.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. As a group, equities analysts anticipate that Comcast Co. will post 4.3 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 2.86%. Comcast’s payout ratio is presently 31.18%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities raised their price objective on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Pivotal Research lifted their price target on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.68.

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.