Truffle Hound Capital LLC Acquires Shares of 80,000 Comcast Co. (NASDAQ:CMCSA)

Truffle Hound Capital LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 80,000 shares of the cable giant’s stock, valued at approximately $3,002,000. Comcast accounts for about 1.1% of Truffle Hound Capital LLC’s holdings, making the stock its 26th largest position.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on CMCSA shares. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Macquarie lowered their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Performance

NASDAQ:CMCSA opened at $36.75 on Friday. The company has a market capitalization of $138.95 billion, a PE ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $39.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 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.