Hourglass Capital LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Hourglass Capital LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,470 shares of the cable giant’s stock after purchasing an additional 1,080 shares during the quarter. Hourglass Capital LLC’s holdings in Comcast were worth $1,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cable Hill Partners LLC increased its position in shares of Comcast by 8.5% during the third quarter. Cable Hill Partners LLC now owns 9,022 shares of the cable giant’s stock worth $377,000 after acquiring an additional 704 shares during the period. ICICI Prudential Asset Management Co Ltd increased its position in shares of Comcast by 5.2% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 340,648 shares of the cable giant’s stock worth $14,229,000 after acquiring an additional 16,832 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Comcast by 17.1% during the third quarter. Oppenheimer & Co. Inc. now owns 198,067 shares of the cable giant’s stock worth $8,273,000 after acquiring an additional 28,931 shares during the period. OLD Second National Bank of Aurora increased its position in shares of Comcast by 1.1% during the third quarter. OLD Second National Bank of Aurora now owns 29,255 shares of the cable giant’s stock worth $1,222,000 after acquiring an additional 322 shares during the period. Finally, Mengis Capital Management Inc. boosted its stake in shares of Comcast by 1.5% during the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after purchasing an additional 283 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.3 %

NASDAQ:CMCSA opened at $43.91 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $41.36 and a 200-day simple moving average of $39.79. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market capitalization of $168.02 billion, a P/E ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen dropped their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.