EntryPoint Capital LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

EntryPoint Capital LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 105.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,874 shares of the cable giant’s stock after buying an additional 7,617 shares during the period. EntryPoint Capital LLC’s holdings in Comcast were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Meridian Wealth Management LLC increased its holdings in Comcast by 94.8% during the third quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock valued at $598,000 after buying an additional 6,972 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Comcast in the 3rd quarter worth $5,001,000. StoneX Group Inc. raised its holdings in Comcast by 1.8% in the 3rd quarter. StoneX Group Inc. now owns 40,386 shares of the cable giant’s stock worth $1,687,000 after purchasing an additional 696 shares during the period. Penserra Capital Management LLC lifted its position in Comcast by 3.3% during the third quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock valued at $2,072,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Swedbank AB increased its position in Comcast by 2.2% in the third quarter. Swedbank AB now owns 2,081,809 shares of the cable giant’s stock worth $86,957,000 after buying an additional 45,327 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target 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, Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Down 0.4 %

Shares of NASDAQ:CMCSA opened at $36.60 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $35.84 and a two-hundred day simple moving average of $39.05. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm has a market capitalization of $138.39 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. On average, equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company 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 $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.61%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 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.