Comcast Corporation $CMCSA Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,972,735 shares of the cable giant’s stock after buying an additional 30,596 shares during the period. Comcast makes up about 0.8% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 29th largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Comcast were worth $141,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares during the period. Nuveen LLC acquired a new position in shares of Comcast during the first quarter worth approximately $940,015,000. Harris Associates L P raised its holdings in Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after purchasing an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group dropped their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Moffett Nathanson boosted their price target on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Morgan Stanley decreased their price objective on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.19.

Comcast Stock Performance

NASDAQ:CMCSA opened at $31.72 on Friday. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $117.12 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The firm has a 50-day moving average price of $33.13 and a 200 day moving average price of $34.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Comcast Company 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.