Saxon Interests Inc. Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Saxon Interests Inc. bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,286 shares of the cable giant’s stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC grew its position in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after purchasing an additional 238 shares during the last quarter. Ironwood Financial llc grew its position in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after purchasing an additional 238 shares during the last quarter. Welch Group LLC grew its position in Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after purchasing an additional 239 shares during the last quarter. Boltwood Capital Management grew its position in Comcast by 1.5% in the 3rd quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock worth $720,000 after purchasing an additional 240 shares during the last quarter. Finally, Tradewinds LLC. lifted its holdings in shares of Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after acquiring an additional 241 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.18% of the company’s stock.

Comcast Trading Up 0.7 %

NASDAQ:CMCSA traded up $0.28 during mid-day trading on Friday, hitting $43.35. 21,157,395 shares of the company’s stock were exchanged, compared to its average volume of 21,456,214. The company has a 50 day simple moving average of $43.09 and a 200-day simple moving average of $43.22. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The firm has a market capitalization of $172.18 billion, a P/E ratio of 11.65, a PEG ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, research analysts expect that Comcast Co. will post 4.3 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is 31.18%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their price target on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Pivotal Research boosted their price objective on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.68.

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.