Cable Hill Partners LLC Has $377,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Cable Hill Partners LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,022 shares of the cable giant’s stock after purchasing an additional 704 shares during the period. Cable Hill Partners LLC’s holdings in Comcast were worth $377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC raised its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. lifted its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp lifted its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $43.91 on Thursday. The firm has a market cap of $168.02 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50-day moving average of $41.36 and a 200 day moving average of $39.79.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. As a group, research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.82%. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank upgraded 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. Finally, Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.