Paragon Capital Management Ltd Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Paragon Capital Management Ltd boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 154.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,549 shares of the cable giant's stock after purchasing an additional 19,164 shares during the period. Paragon Capital Management Ltd's holdings in Comcast were worth $1,164,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Verity & Verity LLC increased its holdings in Comcast by 10.8% during the 1st quarter. Verity & Verity LLC now owns 426,216 shares of the cable giant's stock valued at $15,727,000 after purchasing an additional 41,392 shares during the period. RMR Wealth Builders increased its holdings in Comcast by 17.4% during the 1st quarter. RMR Wealth Builders now owns 48,053 shares of the cable giant's stock valued at $1,773,000 after purchasing an additional 7,131 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Comcast by 3.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 394,926 shares of the cable giant's stock valued at $14,573,000 after purchasing an additional 12,692 shares during the period. BTS Asset Management Inc. increased its holdings in Comcast by 68.8% during the 1st quarter. BTS Asset Management Inc. now owns 10,085 shares of the cable giant's stock valued at $372,000 after purchasing an additional 4,112 shares during the period. Finally, Davis Investment Partners LLC increased its holdings in Comcast by 29.4% during the 1st quarter. Davis Investment Partners LLC now owns 37,692 shares of the cable giant's stock valued at $1,287,000 after purchasing an additional 8,569 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CMCSA shares. Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Down 0.7%

CMCSA stock traded down $0.26 during midday trading on Friday, hitting $35.01. The company's stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,054,943. The company has a market cap of $130.72 billion, a PE ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95. 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 firm's 50-day moving average is $34.42 and its 200-day moving average is $36.20.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.98% and a net margin of 13.09%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal 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 $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.