Shorepoint Capital Partners LLC Has $4.51 Million Position in Comcast Co. (NASDAQ:CMCSA)

Shorepoint Capital Partners LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,101 shares of the cable giant’s stock after purchasing an additional 1,763 shares during the period. Shorepoint Capital Partners LLC’s holdings in Comcast were worth $4,507,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CMCSA. World Investment Advisors LLC boosted its stake in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Raymond James Financial Inc. acquired a new position in Comcast during the fourth quarter worth about $743,681,000. Bfsg LLC grew its holdings in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after buying an additional 59,107 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities decreased their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.98.

Comcast Trading Up 2.1 %

CMCSA opened at $33.90 on Friday. The firm has a market capitalization of $128.18 billion, a PE ratio of 8.17, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company’s 50-day moving average is $35.35 and its 200 day moving average is $38.05.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.89%. Comcast’s payout ratio is 31.81%.

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.