Harvest Fund Management Co. Ltd Raises Position in Comcast Corporation $CMCSA

Harvest Fund Management Co. Ltd grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 271,674 shares of the cable giant’s stock after purchasing an additional 45,649 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Comcast were worth $8,120,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in shares of Comcast during the 3rd quarter worth $26,000. United Financial Planning Group LLC purchased a new position in shares of Comcast during the 3rd quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast during the 4th quarter worth $27,000. Olistico Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.8%

Shares of NASDAQ CMCSA opened at $23.33 on Friday. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The company has a market cap of $83.34 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.91 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average price of $26.87 and a 200 day moving average price of $28.45.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.7%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Evercore upped their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Scotiabank upped their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley upped their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Company Profile

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.