May Hill Capital LLC Buys Shares of 7,310 Comcast Co. (NASDAQ:CMCSA)

May Hill Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,310 shares of the cable giant’s stock, valued at approximately $274,000.

Other hedge funds have also made changes to their positions in the company. Erste Asset Management GmbH acquired a new stake in shares of Comcast in the third quarter valued at about $2,777,000. Benjamin Edwards Inc. boosted its stake in Comcast by 290.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 149,314 shares of the cable giant’s stock valued at $6,237,000 after purchasing an additional 111,092 shares during the period. Hilltop Holdings Inc. grew its holdings in Comcast by 72.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 31,195 shares of the cable giant’s stock valued at $1,303,000 after buying an additional 13,066 shares during the last quarter. HighTower Advisors LLC increased its position in Comcast by 4.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,732,275 shares of the cable giant’s stock worth $72,344,000 after buying an additional 80,439 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Comcast by 4.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after buying an additional 676,920 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.72 on Wednesday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a 50 day moving average of $35.89 and a 200-day moving average of $38.96. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $138.84 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Macquarie lowered their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. UBS Group reduced their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Barclays lowered their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.64.

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.