Hi Line Capital Management LLC Raises Position in Comcast Corporation (NASDAQ:CMCSA)

Hi Line Capital Management LLC increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 10.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,663 shares of the cable giant's stock after acquiring an additional 22,361 shares during the quarter. Comcast comprises about 3.4% of Hi Line Capital Management LLC's holdings, making the stock its 10th biggest holding. Hi Line Capital Management LLC's holdings in Comcast were worth $8,991,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Comcast by 475.6% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,767 shares of the cable giant's stock worth $65,000 after buying an additional 1,460 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Comcast by 5.3% during the first quarter. Asset Management One Co. Ltd. now owns 1,599,029 shares of the cable giant's stock valued at $59,004,000 after acquiring an additional 80,328 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in Comcast by 4.6% in the first quarter. Uncommon Cents Investing LLC now owns 82,444 shares of the cable giant's stock worth $3,042,000 after buying an additional 3,636 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Comcast by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 891,911 shares of the cable giant's stock worth $32,912,000 after purchasing an additional 9,940 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in Comcast by 24.3% in the 1st quarter. Continuum Advisory LLC now owns 23,241 shares of the cable giant's stock worth $858,000 after buying an additional 4,545 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMCSA. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday, April 25th. Barclays cut their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

NASDAQ:CMCSA opened at $34.59 on Tuesday. The stock has a 50 day moving average of $34.51 and a two-hundred day moving average of $35.71. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The firm has a market cap of $129.15 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. On average, analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given 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 dividend payout ratio (DPR) is 32.43%.

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.

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