Excalibur Management Corp Acquires 1,853 Shares of Comcast Co. (NASDAQ:CMCSA)

Excalibur Management Corp boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 25.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,215 shares of the cable giant’s stock after acquiring an additional 1,853 shares during the quarter. Excalibur Management Corp’s holdings in Comcast were worth $361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Comcast in the second quarter valued at about $27,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast during the fourth quarter valued at about $28,000. IAG Wealth Partners LLC grew its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Barclays lowered their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Trading Down 0.5 %

CMCSA opened at $39.36 on Tuesday. The company has a market cap of $154.43 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a fifty day moving average price of $39.40 and a two-hundred day moving average price of $39.70. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. Analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

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.