Hudson Edge Investment Partners Inc. Has $6.47 Million Holdings in Comcast Corporation $CMCSA

Hudson Edge Investment Partners Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,289 shares of the cable giant’s stock after purchasing an additional 11,025 shares during the quarter. Comcast comprises about 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 29th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Comcast were worth $6,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Dodge & Cox increased its stake in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the period. Nuveen LLC bought a new stake in Comcast in the first quarter valued at approximately $940,015,000. Harris Associates L P raised its holdings in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.7%

NASDAQ:CMCSA opened at $30.40 on Friday. The stock has a 50-day simple moving average of $32.79 and a 200 day simple moving average of $34.20. Comcast Corporation has a 52-week low of $30.38 and a 52-week high of $45.31. The company has a market cap of $112.24 billion, a PE ratio of 5.02, a PEG ratio of 1.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Moffett Nathanson raised their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Rothschild & Co Redburn cut their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Morgan Stanley lowered their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. Finally, Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.07.

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.