Mitchell Mcleod Pugh & Williams Inc. Has $1.42 Million Position in Comcast Co. (NASDAQ:CMCSA)

Mitchell Mcleod Pugh & Williams Inc. increased its position in Comcast Co. (NASDAQ:CMCSA) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,193 shares of the cable giant’s stock after purchasing an additional 1,562 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Comcast were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Wealthspire Advisors LLC increased its holdings in shares of Comcast by 4.8% in the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after purchasing an additional 2,781 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Comcast in the 4th quarter valued at about $2,056,000. Axxcess Wealth Management LLC raised its holdings in Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after acquiring an additional 368,685 shares during the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in shares of Comcast by 1,496.3% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 711,803 shares of the cable giant’s stock worth $31,213,000 after acquiring an additional 667,213 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Barclays lowered their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Price Performance

Shares of CMCSA stock traded up $0.11 on Friday, hitting $39.57. 25,874,923 shares of the company’s stock were exchanged, compared to its average volume of 15,090,293. The company has a 50 day moving average of $39.14 and a 200 day moving average of $39.91. The stock has a market cap of $153.23 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.30.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, equities research analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. Comcast’s dividend payout ratio is currently 32.80%.

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.