Oak Asset Management LLC Has $3.39 Million Position in Comcast Co. (NASDAQ:CMCSA)

Oak Asset Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,128 shares of the cable giant’s stock after purchasing an additional 650 shares during the quarter. Comcast accounts for about 1.3% of Oak Asset Management LLC’s portfolio, making the stock its 26th biggest position. Oak Asset Management LLC’s holdings in Comcast were worth $3,387,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMCSA. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at approximately $2,542,988,000. Capital World Investors raised its position in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC raised its position in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Comcast by 215.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after buying an additional 2,474,946 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $108,332,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast Trading Up 2.3 %

Shares of CMCSA stock opened at $39.16 on Monday. The firm has a market capitalization of $153.65 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.98 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s fifty day simple moving average is $38.71 and its 200 day simple moving average is $41.37.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Scotiabank decreased their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.62.

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.