Comcast Co. (NASDAQ:CMCSA) is Hilton Capital Management LLC’s 7th Largest Position

Hilton Capital Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,029 shares of the cable giant’s stock after selling 319 shares during the quarter. Comcast comprises 2.6% of Hilton Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Hilton Capital Management LLC’s holdings in Comcast were worth $25,033,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Edgestream Partners L.P. acquired a new position in Comcast in the 1st quarter valued at $548,000. Simmons Bank increased its stake in Comcast by 3.9% in the 1st quarter. Simmons Bank now owns 18,273 shares of the cable giant’s stock valued at $989,000 after buying an additional 684 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of Comcast by 19.3% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 3,683 shares of the cable giant’s stock worth $199,000 after purchasing an additional 595 shares during the period. IndexIQ Advisors LLC grew its stake in shares of Comcast by 6.5% during the 1st quarter. IndexIQ Advisors LLC now owns 126,329 shares of the cable giant’s stock worth $6,836,000 after purchasing an additional 7,747 shares during the period. Finally, Swiss National Bank grew its stake in shares of Comcast by 2.0% during the 1st quarter. Swiss National Bank now owns 18,099,573 shares of the cable giant’s stock worth $979,368,000 after purchasing an additional 351,400 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.

A number of research firms have issued reports on CMCSA. Pivotal Research upped their target price on shares of Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, July 30th. Raymond James increased their target price on shares of Comcast from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Credit Suisse Group increased their target price on shares of Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. TD Securities increased their target price on shares of Comcast from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Benchmark increased their target price on shares of Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 12th. One investment analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $64.93.

Shares of CMCSA traded down $0.46 on Monday, reaching $56.65. 293,161 shares of the stock traded hands, compared to its average volume of 16,431,947. The firm has a market cap of $260.01 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.17 and a beta of 1.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.92 and a quick ratio of 0.92. Comcast Co. has a 12 month low of $40.97 and a 12 month high of $61.80. The stock’s 50-day moving average price is $58.83 and its 200-day moving average price is $57.06.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The firm had revenue of $28.55 billion for the quarter, compared to analysts’ expectations of $27.14 billion. Comcast had a return on equity of 14.15% and a net margin of 11.44%. As a group, equities research analysts forecast that Comcast Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. Comcast’s dividend payout ratio is presently 38.31%.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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