Colrain Capital LLC Raises Stock Position in Comcast Corporation $CMCSA

Colrain Capital LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 110,725 shares of the cable giant’s stock after buying an additional 6,225 shares during the period. Comcast accounts for approximately 3.0% of Colrain Capital LLC’s holdings, making the stock its 11th biggest position. Colrain Capital LLC’s holdings in Comcast were worth $3,952,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CMCSA. Brighton Jones LLC increased its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Mutual Advisors LLC increased its stake in Comcast by 10.0% in the 1st quarter. Mutual Advisors LLC now owns 47,069 shares of the cable giant’s stock worth $1,596,000 after buying an additional 4,260 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Comcast by 6.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 69,514 shares of the cable giant’s stock worth $2,565,000 after buying an additional 4,015 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Comcast by 10.8% during the 1st quarter. Strategic Blueprint LLC now owns 8,584 shares of the cable giant’s stock valued at $317,000 after purchasing an additional 836 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Comcast by 20.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 17,714 shares of the cable giant’s stock valued at $654,000 after purchasing an additional 2,964 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.9%

Shares of NASDAQ:CMCSA opened at $27.83 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $45.31. The company has a 50-day moving average price of $31.40 and a 200 day moving average price of $33.32. The company has a market cap of $102.75 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 1.65 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Loop Capital dropped their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday. Benchmark dropped their price objective on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.74.

About Comcast

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.