Comcast Co. (NASDAQ:CMCSA) Stock Holdings Boosted by RNC Capital Management LLC

RNC Capital Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,328,856 shares of the cable giant’s stock after acquiring an additional 32,737 shares during the period. Comcast makes up 3.5% of RNC Capital Management LLC’s investment portfolio, making the stock its 5th largest position. RNC Capital Management LLC’s holdings in Comcast were worth $58,270,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Waterway Wealth Management LLC purchased a new position in Comcast in the fourth quarter valued at approximately $289,000. Tectonic Advisors LLC grew its position in shares of Comcast by 5.5% during the fourth quarter. Tectonic Advisors LLC now owns 19,908 shares of the cable giant’s stock worth $873,000 after acquiring an additional 1,036 shares during the last quarter. Bar Harbor Wealth Management grew its position in shares of Comcast by 1.1% during the fourth quarter. Bar Harbor Wealth Management now owns 81,156 shares of the cable giant’s stock worth $3,559,000 after acquiring an additional 889 shares during the last quarter. Alhambra Investment Management LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $298,000. Finally, Legacy Bridge LLC grew its position in shares of Comcast by 358.7% during the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after acquiring an additional 825 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Trading Up 1.4 %

Comcast stock opened at $43.07 on Thursday. The stock has a market cap of $171.07 billion, a PE ratio of 11.58, a P/E/G ratio of 0.97 and a beta of 0.98. The stock has a 50-day moving average price of $43.08 and a 200 day moving average price of $43.22. Comcast Co. has a 52 week low of $36.35 and a 52 week high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities research analysts predict that Comcast Co. will post 4.3 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 2.88%. Comcast’s payout ratio is 31.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCSA. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Rosenblatt Securities increased their price target on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Wells Fargo & Company increased their price target on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Comcast 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.