Comcast Co. (NASDAQ:CMCSA) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,552 shares of the cable giant’s stock after buying an additional 5,140 shares during the period. Hillsdale Investment Management Inc.’s holdings in Comcast were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted 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 buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the third quarter worth about $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.7 %

Shares of CMCSA stock opened at $36.75 on Monday. The firm has a market capitalization of $138.95 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock has a fifty day moving average of $35.83 and a two-hundred day moving average of $39.08.

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

Comcast Increases Dividend

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

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Company 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.