Colrain Capital LLC Invests $2.98 Million in Comcast Co. (NASDAQ:CMCSA)

Colrain Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel reports. The fund purchased 79,500 shares of the cable giant’s stock, valued at approximately $2,984,000. Comcast accounts for approximately 2.9% of Colrain Capital LLC’s holdings, making the stock its 14th biggest holding.

Several other large investors also recently modified their holdings of the business. Fred Alger Management LLC raised its position in Comcast by 3.5% in the 3rd quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock valued at $5,604,000 after buying an additional 4,586 shares during the last quarter. ARGA Investment Management LP increased its position in Comcast by 45.7% during the third quarter. ARGA Investment Management LP now owns 260,458 shares of the cable giant’s stock worth $10,879,000 after buying an additional 81,636 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in Comcast by 1.1% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 140,357 shares of the cable giant’s stock valued at $6,181,000 after purchasing an additional 1,545 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Comcast by 1,783.9% during the 3rd quarter. True Wealth Design LLC now owns 3,391 shares of the cable giant’s stock worth $142,000 after buying an additional 3,211 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Comcast during the third quarter worth approximately $2,777,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMCSA shares. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Barclays reduced their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Trading Down 2.0 %

Shares of Comcast stock opened at $36.62 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $138.46 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock’s 50-day simple moving average is $35.89 and its 200 day simple moving average is $38.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.