80,000 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 80,000 shares of the cable giant's stock, valued at approximately $3,002,000. Comcast accounts for approximately 1.1% of Truffle Hound Capital LLC's holdings, making the stock its 26th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Promus Capital LLC bought a new stake in Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter worth approximately $30,000. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their price target 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. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.64.

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Comcast Stock Up 1.2 %

CMCSA traded up $0.43 during trading on Wednesday, hitting $37.37. 25,941,135 shares of the company's stock traded hands, compared to its average volume of 19,897,066. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company's 50 day simple moving average is $35.85 and its two-hundred day simple moving average is $39.04. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $141.30 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts predict 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. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is presently 31.81%.

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.