Calydon Capital Buys Shares of 171,339 Comcast Corporation $CMCSA

Calydon Capital purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 171,339 shares of the cable giant’s stock, valued at approximately $5,383,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ausdal Financial Partners Inc. boosted its position in shares of Comcast by 22.9% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 21,082 shares of the cable giant’s stock worth $662,000 after buying an additional 3,927 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Comcast by 5.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 708,555 shares of the cable giant’s stock worth $22,265,000 after acquiring an additional 35,495 shares during the last quarter. California Public Employees Retirement System raised its position in Comcast by 9.7% during the third quarter. California Public Employees Retirement System now owns 9,005,165 shares of the cable giant’s stock worth $282,942,000 after acquiring an additional 795,886 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in shares of Comcast in the third quarter valued at about $1,885,000. Finally, Chiron Capital Management LLC grew its position in shares of Comcast by 12.2% in the third quarter. Chiron Capital Management LLC now owns 48,032 shares of the cable giant’s stock valued at $1,509,000 after purchasing an additional 5,236 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $30.16 on Friday. The firm has a market capitalization of $108.51 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 2.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $37.72. The company’s 50 day moving average price is $30.13 and its 200 day moving average price is $29.85.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CMCSA shares. Arete Research set a $23.00 price objective on shares of Comcast in a research note on Tuesday, January 6th. Benchmark reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.87.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.