Hsbc Holdings PLC Buys 4,175,418 Shares of Comcast Corporation $CMCSA

Hsbc Holdings PLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 43.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,797,091 shares of the cable giant’s stock after buying an additional 4,175,418 shares during the quarter. Hsbc Holdings PLC owned approximately 0.38% of Comcast worth $404,414,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. State Street Corp boosted its holdings in Comcast by 3.4% during the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after purchasing an additional 6,117,946 shares during the last quarter. Capital World Investors boosted its holdings in Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares during the last quarter. Dodge & Cox grew its position in Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after purchasing an additional 399,596 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Comcast by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $22.43 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $80.13 billion, a price-to-earnings ratio of 4.42, a P/E/G ratio of 1.83 and a beta of 0.67. Comcast Corporation has a 52 week low of $22.38 and a 52 week high of $36.66. The firm’s 50-day simple moving average is $25.83 and its two-hundred day simple moving average is $28.19.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. 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 company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMCSA. Morgan Stanley lifted their target price on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.50.

Comcast 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.