Comcast Corporation (NASDAQ:CMCSA) Shares Purchased by Hi Line Capital Management LLC

Hi Line Capital Management LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243,663 shares of the cable giant’s stock after buying an additional 22,361 shares during the period. Comcast accounts for 3.4% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Hi Line Capital Management LLC’s holdings in Comcast were worth $8,991,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new position in shares of Comcast in the 1st quarter worth approximately $26,000. Retirement Wealth Solutions LLC boosted its position in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates raised its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.2%

NASDAQ CMCSA opened at $34.59 on Tuesday. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The firm has a 50-day moving average price of $34.51 and a 200 day moving average price of $35.71. The stock has a market capitalization of $129.15 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.69 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

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.