Hurley Capital LLC Buys Shares of 20,629 Comcast Co. (NASDAQ:CMCSA)

Hurley Capital LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,629 shares of the cable giant’s stock, valued at approximately $778,000.

Several other large investors also recently bought and sold shares of CMCSA. McIlrath & Eck LLC grew its holdings in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the period. Dunhill Financial LLC raised its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors lifted its stake in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its stake in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 6.6 %

Shares of NASDAQ:CMCSA opened at $33.38 on Friday. The company has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a fifty day moving average price of $35.76 and a two-hundred day moving average price of $38.87. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. Comcast’s payout ratio is 31.81%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Loop Capital reduced their target price 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. Wells Fargo & Company decreased their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

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.