First Hawaiian Bank Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

First Hawaiian Bank lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,780 shares of the cable giant's stock after buying an additional 21,652 shares during the period. First Hawaiian Bank's holdings in Comcast were worth $6,892,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter valued at $743,681,000. Amundi raised its stake in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares during the period. Capital World Investors raised its stake in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA traded up $0.30 during midday trading on Friday, reaching $34.58. The stock had a trading volume of 31,652,126 shares, compared to its average volume of 22,004,968. The company's 50-day moving average is $34.64 and its 200 day moving average is $36.73. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. 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 company has a market capitalization of $129.11 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders 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 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research reports. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Scotiabank reiterated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays decreased their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

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.