Fort Washington Investment Advisors Inc. OH Grows Stake in Comcast Corporation $CMCSA

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 4,329,783 shares of the cable giant’s stock after buying an additional 218,553 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Comcast were worth $106,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Comcast during the fourth quarter worth about $2,498,626,000. Capital World Investors increased its holdings in Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after purchasing an additional 10,359,800 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.0%

NASDAQ:CMCSA opened at $26.19 on Friday. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a market cap of $92.94 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.49 and a beta of 0.67. The company’s 50 day moving average is $23.85 and its 200-day moving average is $26.89.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts anticipate that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Barclays set a $26.00 target price on Comcast and gave the stock an “equal weight” rating in a report on Friday, July 24th. Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a research note on Friday, July 24th. UBS Group reissued a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Finally, Citigroup lowered their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.96.

About Comcast

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.