Hudson Edge Investment Partners Inc. Has $6.47 Million Position in Comcast Corporation $CMCSA

Key Points

• Hudson Edge Investment Partners Inc. increased its stake in Comcast Corporation by 6.5%, owning 181,289 shares valued at approximately $6.47 million as of its latest SEC filing.
• Comcast's stock has experienced a 1.7% decline recently, with shares trading at around $30.40, well below its 12-month high of $45.31.
• The company reported a quarterly profit of $1.25 per share, exceeding analysts' expectations, with a revenue of $30.31 billion, reflecting a 2.1% increase from the previous year.

Hudson Edge Investment Partners Inc. boosted its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,289 shares of the cable giant's stock after acquiring an additional 11,025 shares during the quarter. Comcast accounts for about 1.1% of Hudson Edge Investment Partners Inc.'s investment portfolio, making the stock its 29th biggest position. Hudson Edge Investment Partners Inc.'s holdings in Comcast were worth $6,470,000 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. Brighton Jones LLC grew its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares during the period. Merit Financial Group LLC boosted its stake in shares of Comcast by 75.2% in the 1st quarter. Merit Financial Group LLC now owns 116,727 shares of the cable giant's stock valued at $4,307,000 after purchasing an additional 50,100 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of Comcast by 120.4% in the 1st quarter. RFG Advisory LLC now owns 64,488 shares of the cable giant's stock worth $2,380,000 after purchasing an additional 35,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Comcast by 24.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,442 shares of the cable giant's stock worth $459,000 after purchasing an additional 2,422 shares during the last quarter. Finally, Apella Capital LLC increased its position in shares of Comcast by 44.6% during the 1st quarter. Apella Capital LLC now owns 13,783 shares of the cable giant's stock worth $485,000 after purchasing an additional 4,249 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Trading Down 1.7%

Shares of CMCSA opened at $30.40 on Friday. The stock's fifty day simple moving average is $32.79 and its 200-day simple moving average is $34.20. The firm has a market capitalization of $112.24 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Comcast Corporation has a 12-month low of $30.38 and a 12-month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the previous year, the business posted $1.21 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMCSA. Rothschild & Co Redburn reduced their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Scotiabank boosted their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Monday. Sanford C. Bernstein cut their price objective on Comcast from $37.00 to $36.00 and set a "market perform" rating for the company in a research report on Wednesday, September 10th. Finally, Morgan Stanley reduced their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.07.

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.

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