Comcast Corporation (CMCSA) Position Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 104.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,503,180 shares of the cable giant’s stock after buying an additional 1,281,322 shares during the period. Comcast Corporation comprises about 1.5% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 20th largest position. Fort Washington Investment Advisors Inc. OH owned about 0.05% of Comcast Corporation worth $94,026,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. M Holdings Securities Inc. boosted its position in shares of Comcast Corporation by 5.6% in the fourth quarter. M Holdings Securities Inc. now owns 4,750 shares of the cable giant’s stock worth $328,000 after buying an additional 254 shares during the last quarter. Pegasus Partners Ltd. boosted its position in shares of Comcast Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 14,568 shares of the cable giant’s stock worth $1,006,000 after buying an additional 265 shares during the last quarter. Highbridge Capital Management LLC boosted its position in shares of Comcast Corporation by 2.6% in the fourth quarter. Highbridge Capital Management LLC now owns 10,975 shares of the cable giant’s stock worth $758,000 after buying an additional 279 shares during the last quarter. Whalerock Point Partners LLC boosted its position in shares of Comcast Corporation by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 18,305 shares of the cable giant’s stock valued at $1,264,000 after buying an additional 300 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its position in shares of Comcast Corporation by 7.9% in the first quarter. Oxbow Advisors LLC now owns 5,496 shares of the cable giant’s stock valued at $207,000 after buying an additional 403 shares in the last quarter. 82.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Comcast Corporation (CMCSA) opened at 40.52 on Friday. The company’s 50-day moving average is $39.71 and its 200-day moving average is $38.91. The firm has a market cap of $190.99 billion, a P/E ratio of 20.41 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is 31.74%.

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Several equities analysts have issued reports on the stock. Instinet reissued a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Royal Bank Of Canada boosted their price objective on shares of Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, TD Securities started coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.69.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the transaction, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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