Truffle Hound Capital LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Truffle Hound Capital LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 80,000 shares of the cable giant’s stock, valued at approximately $3,002,000. Comcast accounts for 1.1% of Truffle Hound Capital LLC’s portfolio, making the stock its 26th biggest holding.

A number of other large investors have also made changes to their positions in CMCSA. Mizuho Securities USA LLC boosted its holdings in shares of Comcast by 44.4% during the 4th quarter. Mizuho Securities USA LLC now owns 361,774 shares of the cable giant’s stock worth $13,577,000 after buying an additional 111,275 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of Comcast by 17.7% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,086 shares of the cable giant’s stock worth $228,000 after buying an additional 916 shares during the period. Virtu Financial LLC bought a new stake in shares of Comcast during the 4th quarter worth $5,035,000. Sciencast Management LP boosted its holdings in shares of Comcast by 18.3% during the 4th quarter. Sciencast Management LP now owns 75,498 shares of the cable giant’s stock worth $2,833,000 after buying an additional 11,674 shares during the period. Finally, Summit Global Investments boosted its holdings in shares of Comcast by 112.4% during the 4th quarter. Summit Global Investments now owns 38,310 shares of the cable giant’s stock worth $1,438,000 after buying an additional 20,272 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMCSA shares. Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

Shares of CMCSA opened at $36.75 on Friday. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company’s fifty day simple moving average is $35.83 and its 200 day simple moving average is $39.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

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.