Patron Partners LLC Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Patron Partners LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,464 shares of the cable giant’s stock after acquiring an additional 860 shares during the quarter. Patron Partners LLC’s holdings in Comcast were worth $395,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Investment Advisors LLC grew its holdings in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the period. Douglas Lane & Associates LLC grew its position in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the last quarter. Wulff Hansen & CO. increased its holdings in shares of Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after acquiring an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Comcast during the 1st quarter worth $773,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Trading Up 0.7 %

Shares of Comcast stock opened at $44.20 on Tuesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The business’s fifty day moving average is $41.27 and its two-hundred day moving average is $39.75. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $169.13 billion, a PE ratio of 11.88, a P/E/G ratio of 1.66 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.