Tilt Investment Management Holdings PBC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Tilt Investment Management Holdings PBC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,656 shares of the cable giant’s stock, valued at approximately $730,000. Comcast comprises about 0.8% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 28th largest holding.

Several other large investors have also bought and sold shares of the business. Keystone Financial Services increased its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the period. Capital Investment Advisors LLC increased its holdings in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after buying an additional 238 shares during the period. Ironwood Financial llc raised its position in shares of Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares in the last quarter. Welch Group LLC lifted its holdings in shares of Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after acquiring an additional 239 shares during the period. Finally, Tradewinds LLC. boosted its position in shares of Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after acquiring an additional 241 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CMCSA. BNP Paribas restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Rosenblatt Securities raised their price objective on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Wells Fargo & Company lowered their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

Comcast Trading Up 1.3 %

Comcast stock traded up $0.51 during mid-day trading on Thursday, hitting $39.50. 7,014,535 shares of the stock were exchanged, compared to its average volume of 20,496,492. The firm’s fifty day simple moving average is $41.89 and its two-hundred day simple moving average is $42.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market capitalization of $156.89 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 3.14%. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.