Hudson Edge Investment Partners Inc. Purchases 4,276 Shares of Comcast Corporation (NASDAQ:CMCSA)

Hudson Edge Investment Partners Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,264 shares of the cable giant’s stock after buying an additional 4,276 shares during the quarter. Comcast comprises about 1.3% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 28th largest position. Hudson Edge Investment Partners Inc.’s holdings in Comcast were worth $6,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sculati Wealth Management LLC boosted its stake in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after acquiring an additional 285 shares in the last quarter. Beck Mack & Oliver LLC lifted its holdings in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after purchasing an additional 300 shares during the last quarter. Cypress Wealth Services LLC boosted its position in shares of Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock worth $690,000 after purchasing an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. grew its stake in shares of Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant’s stock worth $373,000 after buying an additional 319 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Barclays cut their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 price target on shares of Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.80.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $35.83 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $133.78 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95. The firm’s 50 day moving average price is $34.72 and its 200-day moving average price is $35.56. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

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.