Donald L. Hagan LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Donald L. Hagan LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 44,934 shares of the cable giant’s stock after acquiring an additional 908 shares during the period. Comcast comprises about 0.9% of Donald L. Hagan LLC’s holdings, making the stock its 20th biggest position. Donald L. Hagan LLC’s holdings in Comcast were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paragon Capital Management Ltd lifted its position in shares of Comcast by 154.7% during the 1st quarter. Paragon Capital Management Ltd now owns 31,549 shares of the cable giant’s stock valued at $1,164,000 after buying an additional 19,164 shares in the last quarter. Verity & Verity LLC lifted its position in shares of Comcast by 10.8% during the 1st quarter. Verity & Verity LLC now owns 426,216 shares of the cable giant’s stock valued at $15,727,000 after buying an additional 41,392 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Comcast by 17.4% during the 1st quarter. RMR Wealth Builders now owns 48,053 shares of the cable giant’s stock valued at $1,773,000 after buying an additional 7,131 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Comcast by 3.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 394,926 shares of the cable giant’s stock valued at $14,573,000 after buying an additional 12,692 shares in the last quarter. Finally, BTS Asset Management Inc. lifted its position in shares of Comcast by 68.8% during the 1st quarter. BTS Asset Management Inc. now owns 10,085 shares of the cable giant’s stock valued at $372,000 after buying an additional 4,112 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $35.27 on Friday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market cap of $131.69 billion, a PE ratio of 8.50, a P/E/G ratio of 1.78 and a beta of 0.95. 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 business has a 50-day simple moving average of $34.42 and a 200-day simple moving average of $36.20.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. On average, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is 32.43%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Argus lowered Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Morgan Stanley set a $37.00 price objective on Comcast in a report on Friday, April 25th. Wall Street Zen upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

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.