Colrain Capital LLC Invests $2.98 Million in Comcast Co. (NASDAQ:CMCSA)

Colrain Capital LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,500 shares of the cable giant’s stock, valued at approximately $2,984,000. Comcast comprises approximately 2.9% of Colrain Capital LLC’s investment portfolio, making the stock its 14th biggest position.

Other large investors also recently bought and sold shares of the company. Fred Alger Management LLC increased its stake in Comcast by 3.5% during the third quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock worth $5,604,000 after acquiring an additional 4,586 shares during the last quarter. ARGA Investment Management LP grew its stake in Comcast by 45.7% during the 3rd quarter. ARGA Investment Management LP now owns 260,458 shares of the cable giant’s stock worth $10,879,000 after purchasing an additional 81,636 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in Comcast by 1.1% in the third quarter. Semmax Financial Advisors Inc. now owns 140,357 shares of the cable giant’s stock valued at $6,181,000 after acquiring an additional 1,545 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Comcast by 1,783.9% during the 3rd quarter. True Wealth Design LLC now owns 3,391 shares of the cable giant’s stock worth $142,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Comcast during the 3rd quarter worth about $2,777,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 2.0 %

NASDAQ:CMCSA opened at $36.62 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $35.89 and its 200-day moving average is $38.99. The firm has a market cap of $138.46 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Morgan Stanley reduced their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, Citigroup reduced their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $43.64.

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.