Hamlin Capital Management LLC Has $117.89 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Hamlin Capital Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,822,379 shares of the cable giant’s stock after acquiring an additional 213,913 shares during the quarter. Comcast makes up about 3.0% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Hamlin Capital Management LLC owned 0.07% of Comcast worth $117,891,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Koshinski Asset Management Inc. grew its position in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Greenwich Wealth Management LLC increased its stake in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Saxon Interests Inc. raised its holdings in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the period. Finally, Verum Partners LLC boosted its position in shares of Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. KeyCorp dropped their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Scotiabank lifted their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Trading Up 0.0 %

Shares of Comcast stock opened at $41.66 on Friday. The firm has a market cap of $163.46 billion, a PE ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a fifty day moving average price of $40.52 and a 200-day moving average price of $39.47.

Comcast Company 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.