Hudson Edge Investment Partners Inc. Has $5.96 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Hudson Edge Investment Partners Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,171 shares of the cable giant’s stock after acquiring an additional 21,058 shares during the period. Comcast makes up 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 23rd biggest holding. Hudson Edge Investment Partners Inc.’s holdings in Comcast were worth $5,959,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bollard Group LLC grew its stake in shares of Comcast by 0.7% in the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after buying an additional 244 shares during the last quarter. Tortoise Investment Management LLC grew its position in Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the last quarter. Verum Partners LLC increased its stake in Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares in the last quarter. L.M. Kohn & Company increased its position in shares of Comcast by 3.5% during the fourth quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock valued at $351,000 after acquiring an additional 270 shares in the last quarter. Finally, Mcdonald Partners LLC lifted its position in Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.19 during trading hours on Friday, reaching $39.61. 18,549,208 shares of the company traded hands, compared to its average volume of 19,988,055. The firm has a 50-day moving average price of $39.24 and a 200 day moving average price of $39.83. The company has a market cap of $155.41 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.01. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend 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 presently 32.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CMCSA shares. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Evercore ISI decreased their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, Pivotal Research dropped their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $45.78.

About Comcast

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.