Syon Capital LLC Buys 2,631 Shares of Comcast Co. (NASDAQ:CMCSA)

Syon Capital LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,593 shares of the cable giant’s stock after purchasing an additional 2,631 shares during the quarter. Syon Capital LLC’s holdings in Comcast were worth $1,561,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Capital World Investors raised its holdings in shares of Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after purchasing an additional 15,625,543 shares during the period. Norges Bank bought a new stake in Comcast during the 4th quarter valued at $2,542,988,000. Northern Trust Corp raised its holdings in Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the period. Harris Associates L P raised its holdings in Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after acquiring an additional 1,854,671 shares during the period. Finally, LSV Asset Management raised its holdings in Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after acquiring an additional 570,050 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.83.

Comcast Trading Down 0.4 %

NASDAQ CMCSA traded down $0.14 during trading on Friday, hitting $37.44. 12,692,458 shares of the company’s stock traded hands, compared to its average volume of 16,252,715. The stock has a fifty day moving average of $39.06 and a two-hundred day moving average of $41.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The firm has a market cap of $146.90 billion, a P/E ratio of 9.90, a PEG ratio of 0.94 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

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.