Uncommon Cents Investing LLC Has $3.17 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Uncommon Cents Investing LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,369 shares of the cable giant’s stock after buying an additional 7,225 shares during the period. Comcast makes up 1.1% of Uncommon Cents Investing LLC’s holdings, making the stock its 26th biggest holding. Uncommon Cents Investing LLC’s holdings in Comcast were worth $3,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Shepherd Financial Partners LLC lifted its position in Comcast by 1.7% during the 2nd quarter. Shepherd Financial Partners LLC now owns 53,491 shares of the cable giant’s stock valued at $2,223,000 after purchasing an additional 909 shares during the period. Everett Harris & Co. CA increased its stake in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in Comcast during the 3rd quarter worth approximately $8,868,000. CIC Wealth LLC increased its stake in Comcast by 42.8% during the 3rd quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock worth $390,000 after purchasing an additional 2,638 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Comcast during the 3rd quarter worth approximately $90,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup raised their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Pivotal Research raised their price target on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is currently owned by company insiders.

Comcast Trading Up 0.7 %

CMCSA stock opened at $43.35 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $43.09 and a two-hundred day moving average price of $43.22. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The stock has a market cap of $172.18 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Equities analysts anticipate that Comcast Co. will post 4.3 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is presently 31.18%.

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.