Davis Investment Partners LLC Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Davis Investment Partners LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,692 shares of the cable giant's stock after acquiring an additional 8,569 shares during the period. Comcast makes up about 0.6% of Davis Investment Partners LLC's investment portfolio, making the stock its 27th largest holding. Davis Investment Partners LLC's holdings in Comcast were worth $1,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at $28,000. Sapient Capital LLC raised its holdings in Comcast by 3.4% in the 4th quarter. Sapient Capital LLC now owns 28,841 shares of the cable giant's stock worth $1,082,000 after purchasing an additional 954 shares in the last quarter. Focus Financial Network Inc. grew its position in Comcast by 16.4% during the 4th quarter. Focus Financial Network Inc. now owns 9,501 shares of the cable giant's stock valued at $357,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Comcast in the fourth quarter worth approximately $271,000. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Finally, KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

NASDAQ CMCSA traded down $0.26 during mid-day trading on Friday, hitting $35.01. The stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,092,584. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a 50 day simple moving average of $34.46 and a 200 day simple moving average of $36.11. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $130.72 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. Equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.