Comcast Co. (NASDAQ:CMCSA) Shares Bought by Wulff Hansen & CO.

Wulff Hansen & CO. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 3,816.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,382 shares of the cable giant’s stock after buying an additional 544,123 shares during the quarter. Wulff Hansen & CO.’s holdings in Comcast were worth $21,866,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Steph & Co. boosted its stake in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Comcast during the second quarter worth $27,000. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at $28,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC purchased a new position in shares of Comcast in the fourth quarter valued at $32,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.5 %

NASDAQ CMCSA opened at $39.36 on Tuesday. The company has a 50-day moving average of $39.40 and a 200-day moving average of $39.70. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market cap of $154.43 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.03 and a beta of 1.01.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.15%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. The Goldman Sachs Group started coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. 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 note on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $45.78.

About Comcast

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.