May Hill Capital LLC Buys Shares of 7,310 Comcast Co. (NASDAQ:CMCSA)

May Hill Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,310 shares of the cable giant’s stock, valued at approximately $274,000.

Several other hedge funds have also made changes to their positions in CMCSA. Promus Capital LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter valued at about $30,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Price Performance

Shares of CMCSA opened at $36.72 on Wednesday. The business’s 50-day moving average is $35.89 and its 200-day moving average is $38.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $138.84 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.