Hurley Capital LLC Buys Shares of 20,629 Comcast Co. (NASDAQ:CMCSA)

Hurley Capital LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,629 shares of the cable giant's stock, valued at approximately $778,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Norges Bank purchased a new position in Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. purchased a new position in shares of Comcast during the fourth quarter worth $743,681,000. Amundi grew its position in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research note on Thursday. UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Rosenblatt Securities decreased their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.90.

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Comcast Stock Performance

Shares of Comcast stock traded down $1.44 on Thursday, reaching $33.74. 17,406,592 shares of the company were exchanged, compared to its average volume of 21,675,963. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The firm has a market cap of $127.57 billion, a price-to-earnings ratio of 8.09, 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 quick ratio of 0.68 and a current ratio of 0.68. The company's 50-day moving average is $35.55 and its two-hundred day moving average is $38.66.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal 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 3.91%. 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%.

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.