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

Cypress Capital LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,024 shares of the cable giant’s stock after buying an additional 1,539 shares during the period. Cypress Capital LLC’s holdings in Comcast were worth $2,140,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CMCSA. AMF Tjanstepension AB lifted its position in shares of Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Comcast during the third quarter valued at approximately $357,000. McAdam LLC raised its position in Comcast by 27.1% during the third quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock valued at $523,000 after purchasing an additional 2,665 shares during the period. International Assets Investment Management LLC raised its position in Comcast by 5,414.9% during the third quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock valued at $62,959,000 after purchasing an additional 1,479,954 shares during the period. Finally, DT Investment Partners LLC raised its position in Comcast by 10.0% during the third quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock valued at $323,000 after purchasing an additional 703 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.4 %

Shares of NASDAQ:CMCSA opened at $36.26 on Friday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a market cap of $137.08 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The business’s 50 day moving average is $36.58 and its 200 day moving average is $39.58. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 29.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.