Hillsdale Investment Management Inc. Acquires 2,400 Shares of Comcast Co. (NASDAQ:CMCSA)

Hillsdale Investment Management Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,540 shares of the cable giant’s stock after purchasing an additional 2,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Comcast were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Luken Investment Analytics LLC raised its stake in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 418 shares during the last quarter. Steph & Co. raised its stake in shares of Comcast by 154.6% in the first 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. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 593 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 5.4 %

CMCSA traded down $2.15 during trading on Tuesday, hitting $37.38. The company had a trading volume of 11,417,231 shares, compared to its average volume of 20,358,236. The company has a market capitalization of $146.67 billion, a PE ratio of 9.86, a PEG ratio of 1.00 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The firm’s 50-day moving average price is $38.60 and its 200 day moving average price is $40.76. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.32%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’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 sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CMCSA shares. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Evercore ISI dropped their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Macquarie dropped their price objective on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Scotiabank dropped their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $48.53.

Comcast Company 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.