Clarkston Capital Partners LLC Acquires 2,652 Shares of Comcast Co. (NASDAQ:CMCSA)

Clarkston Capital Partners LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 678,694 shares of the cable giant’s stock after purchasing an additional 2,652 shares during the period. Clarkston Capital Partners LLC’s holdings in Comcast were worth $25,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. McIlrath & Eck LLC lifted its position in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the period. Integrated Investment Consultants LLC raised its holdings in Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after buying an additional 291 shares during the last quarter. Five Oceans Advisors boosted its position in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after buying an additional 298 shares during the period. Finally, Kovack Advisors Inc. grew its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMCSA. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. UBS Group dropped their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Morgan Stanley cut their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Comcast Stock Performance

Comcast stock opened at $33.38 on Friday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $126.21 billion, a P/E ratio of 8.04, a PEG ratio of 1.78 and a beta of 0.94. The stock’s 50 day moving average is $35.76 and its 200 day moving average is $38.87.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.95%. Comcast’s payout ratio is 31.81%.

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.