Aspetuck Financial Management LLC Makes New $220,000 Investment in Comcast Corporation (NASDAQ:CMCSA)

Aspetuck Financial Management LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,970 shares of the cable giant’s stock, valued at approximately $220,000.

Several other hedge funds have also recently bought and sold shares of CMCSA. Capital World Investors grew its position in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Norges Bank acquired a new stake in shares of Comcast in the fourth quarter valued at about $3,835,226,000. Geode Capital Management LLC grew its position in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox grew its position in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 1.1%

Shares of CMCSA opened at $34.84 on Thursday. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a 50-day moving average price of $34.55 and a two-hundred day moving average price of $35.70. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $130.08 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 1.70 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. Comcast’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Scotiabank reiterated a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, KeyCorp reduced their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

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.