Excalibur Management Corp Has $361,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Excalibur Management Corp lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,215 shares of the cable giant’s stock after buying an additional 1,853 shares during the period. Excalibur Management Corp’s holdings in Comcast were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Gilbert & Cook Inc. lifted its position in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after buying an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after purchasing an additional 21,112 shares during the last quarter. Jump Financial LLC bought a new position in Comcast in the fourth quarter valued at approximately $800,000. Paragon Private Wealth Management LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $211,000. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Comcast by 19.0% during the 4th quarter. Thoroughbred Financial Services LLC now owns 58,899 shares of the cable giant’s stock worth $2,582,000 after purchasing an additional 9,413 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $39.36 on Tuesday. The firm has a 50-day moving average price of $39.40 and a two-hundred day moving average price of $39.70. 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 $154.43 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.03 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays decreased their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Pivotal Research cut their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. Finally, The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.78.

About Comcast

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.