DCM Advisors LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

DCM Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,676 shares of the cable giant's stock after purchasing an additional 8,663 shares during the period. Comcast comprises 3.0% of DCM Advisors LLC's holdings, making the stock its 16th largest position. DCM Advisors LLC's holdings in Comcast were worth $6,405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Comcast during the 4th quarter worth about $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast during the 4th quarter worth about $743,681,000. Amundi lifted its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors lifted its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 1.4%

CMCSA stock traded up $0.50 during midday trading on Tuesday, hitting $35.02. The stock had a trading volume of 5,686,576 shares, compared to its average volume of 21,900,080. The firm has a market cap of $130.74 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50-day moving average of $34.81 and a two-hundred day moving average of $36.89. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Finally, KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and an average price target of $42.10.

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.