Hi Line Capital Management LLC Has $8.31 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Hi Line Capital Management LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,302 shares of the cable giant’s stock after selling 1,406 shares during the quarter. Comcast comprises about 3.6% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Hi Line Capital Management LLC’s holdings in Comcast were worth $8,305,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Taurus Asset Management LLC lifted its stake in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after buying an additional 253 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after buying an additional 260 shares in the last quarter. Arvest Investments Inc. increased its position in Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after purchasing an additional 268 shares during the last quarter. McIlrath & Eck LLC increased its position in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares during the last quarter. Finally, Mengis Capital Management Inc. increased its position in Comcast by 1.5% during the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after purchasing an additional 283 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Pivotal Research raised 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. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Trading Down 0.4 %

Shares of CMCSA stock opened at $36.26 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $137.08 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a 50 day moving average price of $36.58 and a 200 day moving average price of $39.59. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

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.