Everett Harris & Co. CA Has $73.99 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Everett Harris & Co. CA lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,687,406 shares of the cable giant’s stock after buying an additional 121,279 shares during the quarter. Comcast comprises approximately 1.1% of Everett Harris & Co. CA’s investment portfolio, making the stock its 23rd largest holding. Everett Harris & Co. CA’s holdings in Comcast were worth $73,993,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CMCSA. Ironwood Wealth Management LLC. lifted its holdings in shares of Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after purchasing an additional 363 shares in the last quarter. United Bank lifted its stake in shares of Comcast by 17.4% in the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after buying an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Comcast by 29.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after acquiring an additional 928,627 shares in the last quarter. Covestor Ltd raised its holdings in shares of Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after acquiring an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank acquired a new position in Comcast during the 1st quarter valued at about $482,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock traded up $0.59 during midday trading on Wednesday, reaching $43.07. The company had a trading volume of 14,106,200 shares, compared to its average volume of 20,272,707. The firm has a 50-day moving average price of $43.08 and a 200-day moving average price of $43.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $171.07 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.97 and a beta of 0.98. Comcast Co. has a 1 year low of $36.35 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. On average, research analysts anticipate that Comcast Co. will post 4.3 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.88%. Comcast’s dividend payout ratio is currently 31.18%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Pivotal Research lifted their price objective on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Wells Fargo & Company upped their target price on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.68.

Insider Buying and Selling

In related 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

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.