Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 24.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,552 shares of the cable giant’s stock after buying an additional 5,140 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Comcast were worth $996,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Meridian Wealth Management LLC boosted its stake in Comcast by 94.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after purchasing an additional 6,972 shares during the period. Cerity Partners LLC boosted its position in shares of Comcast by 15.0% in the third quarter. Cerity Partners LLC now owns 1,156,427 shares of the cable giant’s stock worth $48,304,000 after buying an additional 150,474 shares during the period. Algert Global LLC purchased a new position in shares of Comcast during the third quarter valued at $5,001,000. StoneX Group Inc. raised its position in Comcast by 1.8% during the third quarter. StoneX Group Inc. now owns 40,386 shares of the cable giant’s stock valued at $1,687,000 after buying an additional 696 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in Comcast by 3.3% in the 3rd quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock worth $2,072,000 after acquiring an additional 1,566 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $36.75 on Monday. The firm has a market capitalization of $138.95 billion, a PE 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 has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm’s fifty day simple moving average is $35.83 and its 200 day simple moving average is $39.08.

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, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. Comcast’s payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. Wells Fargo & Company dropped their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.