Tilt Investment Management Holdings PBC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

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

Other large investors have also recently made changes to their positions in the company. Twin Capital Management Inc. grew its position in Comcast by 7.4% in the 4th quarter. Twin Capital Management Inc. now owns 131,393 shares of the cable giant’s stock valued at $5,762,000 after acquiring an additional 9,025 shares in the last quarter. Peterson Wealth Services grew its holdings in shares of Comcast by 2.8% in the fourth quarter. Peterson Wealth Services now owns 31,473 shares of the cable giant’s stock valued at $1,380,000 after purchasing an additional 866 shares in the last quarter. HF Advisory Group LLC increased its stake in Comcast by 50.2% during the 4th quarter. HF Advisory Group LLC now owns 16,086 shares of the cable giant’s stock worth $705,000 after buying an additional 5,376 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Comcast by 2.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 162,209 shares of the cable giant’s stock worth $7,113,000 after buying an additional 3,497 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Comcast by 3.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 575,993 shares of the cable giant’s stock worth $25,257,000 after acquiring an additional 21,881 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.51 during mid-day trading on Thursday, hitting $39.50. 7,014,535 shares of the company’s stock traded hands, compared to its average volume of 20,496,492. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $156.89 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The firm’s 50 day simple moving average is $41.89 and its 200 day simple moving average is $42.76. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMCSA. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Wells Fargo & Company cut their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $49.50.

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.