NorthCrest Asset Manangement LLC Has $14.57 Million Position in Comcast Co. (NASDAQ:CMCSA)

NorthCrest Asset Manangement LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 394,926 shares of the cable giant's stock after purchasing an additional 12,692 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Comcast were worth $14,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. acquired a new position in shares of Comcast during the 4th quarter worth approximately $743,681,000. Amundi increased its holdings in shares of 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 acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors increased its holdings in shares of 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 acquiring an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of 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 acquiring an additional 5,402,377 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.26 during trading on Friday, reaching $35.01. 17,189,721 shares of the company traded hands, compared to its average volume of 22,092,584. The company's 50 day moving average is $34.46 and its two-hundred day moving average is $36.11. The firm has a market capitalization of $130.72 billion, a PE ratio of 8.44, a PEG ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. As a group, sell-side analysts predict that Comcast Co. 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, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.77%. Comcast's dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Barclays decreased their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Finally, Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.