Hanlon Investment Management Inc. Has $234,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Hanlon Investment Management Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 15.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,977 shares of the cable giant’s stock after buying an additional 791 shares during the period. Hanlon Investment Management Inc.’s holdings in Comcast were worth $234,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Sivia Capital Partners LLC lifted its stake in Comcast by 24.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,681 shares of the cable giant’s stock valued at $418,000 after purchasing an additional 2,095 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Comcast by 86.4% in the 2nd quarter. Savant Capital LLC now owns 215,297 shares of the cable giant’s stock valued at $8,431,000 after acquiring an additional 99,803 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of Comcast by 11.1% during the 2nd quarter. Candriam S.C.A. now owns 1,429,020 shares of the cable giant’s stock valued at $55,958,000 after acquiring an additional 142,823 shares in the last quarter. North Star Asset Management Inc. grew its position in Comcast by 9.5% during the 2nd quarter. North Star Asset Management Inc. now owns 32,617 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 2,836 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Comcast by 23.1% in the 2nd quarter. Private Advisor Group LLC now owns 428,617 shares of the cable giant’s stock worth $16,785,000 after purchasing an additional 80,515 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.5 %

Shares of Comcast stock traded down $0.19 during trading hours on Friday, reaching $39.61. The company’s stock had a trading volume of 18,549,208 shares, compared to its average volume of 19,988,055. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market capitalization of $155.41 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.00. The stock’s fifty day simple moving average is $39.24 and its two-hundred day simple moving average is $39.85.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.78.

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.