Columbia Asset Management Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Columbia Asset Management raised its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,678 shares of the cable giant’s stock after purchasing an additional 775 shares during the quarter. Columbia Asset Management’s holdings in Comcast were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the fourth quarter worth $34,000. Lipe & Dalton purchased a new stake in Comcast during the fourth quarter worth $37,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Comcast during the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Comcast in the fourth quarter valued at $44,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Scotiabank reduced their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

Read Our Latest Stock Analysis on CMCSA

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.06 during mid-day trading on Monday, hitting $39.21. The company had a trading volume of 12,533,366 shares, compared to its average volume of 20,731,344. The stock has a market cap of $153.85 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.98 and a beta of 0.99. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $40.63 and its two-hundred day simple moving average is $42.17.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAFree Report).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.