HGK Asset Management Inc. raised its holdings in shares of Comcast (NASDAQ:CMCSA) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,046 shares of the cable giant’s stock after acquiring an additional 76,906 shares during the period. Comcast makes up about 1.9% of HGK Asset Management Inc.’s portfolio, making the stock its 26th biggest position. HGK Asset Management Inc.’s holdings in Comcast were worth $12,747,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tyers Asset Management LLC lifted its stake in shares of Comcast by 78.4% in the 1st quarter. Tyers Asset Management LLC now owns 140,064 shares of the cable giant’s stock valued at $4,786,000 after purchasing an additional 61,568 shares during the period. US Bancorp DE lifted its stake in shares of Comcast by 3.7% in the 1st quarter. US Bancorp DE now owns 1,666,089 shares of the cable giant’s stock valued at $56,929,000 after purchasing an additional 60,022 shares during the period. Motco lifted its stake in shares of Comcast by 386.6% in the 1st quarter. Motco now owns 6,414 shares of the cable giant’s stock valued at $219,000 after purchasing an additional 5,096 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Comcast by 78.2% in the 1st quarter. Riverhead Capital Management LLC now owns 154,622 shares of the cable giant’s stock valued at $5,283,000 after purchasing an additional 67,850 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Comcast by 273.9% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 439,617 shares of the cable giant’s stock valued at $15,022,000 after purchasing an additional 322,029 shares during the period. Institutional investors and hedge funds own 82.08% of the company’s stock.
Shares of Comcast opened at $32.34 on Tuesday, according to MarketBeat. The firm has a market capitalization of $151.97 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.20 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. Comcast has a one year low of $30.43 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts expect that Comcast will post 2.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, July 2nd. Comcast’s payout ratio is 36.89%.
Several equities analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Cowen assumed coverage on shares of Comcast in a research note on Monday, March 26th. They issued a “market perform” rating and a $39.00 target price for the company. Bank of America boosted their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. BidaskClub cut shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, KeyCorp assumed coverage on shares of Comcast in a research note on Wednesday, May 16th. They issued a “buy” rating and a $38.00 target price for the company. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average target price of $46.23.
In other news, EVP David N. Watson sold 131,447 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total transaction of $4,835,935.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 916 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total transaction of $30,411.20. Following the sale, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at approximately $70,384. The disclosure for this sale can be found here. Insiders have sold 1,210,111 shares of company stock valued at $44,299,007 in the last ninety days. Insiders own 1.28% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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