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

Key Points

• Fort Washington Investment Advisors increased its Comcast stake by 5.3% in the second quarter, adding 218,553 shares to hold 4.33 million shares valued at approximately $106.3 million. Institutional investors and hedge funds collectively own 84.32% of CMCSA.
• Comcast reported quarterly EPS of $1.04, surpassing the $0.97 consensus estimate, while revenue of $29.94 billion also exceeded expectations. However, revenue declined 1.2% year over year.
• Comcast declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and a 5.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $32.96, compared with the stock’s $26.19 opening price.

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned 0.12% of Comcast worth $106,296,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Imprint Wealth LLC acquired a new position in Comcast during the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC lifted its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Main Street Group LTD acquired a new position in shares of Comcast during the first quarter worth $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Comcast during the 1st quarter worth about $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.0%

Shares of CMCSA stock opened at $26.19 on Friday. The business's fifty day moving average price is $23.85 and its 200 day moving average price is $26.89. The firm has a market capitalization of $92.94 billion, a PE ratio of 8.48, a P/E/G ratio of 1.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The company 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%.Comcast's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. As a group, sell-side analysts forecast that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast's dividend payout ratio (DPR) is 42.72%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Citigroup lowered their target price on shares of Comcast from $35.50 to $32.00 and set a "buy" rating for the company in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a "hold" rating to a "buy" rating and reduced their price target for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Evercore raised their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Scotiabank set a $29.00 price objective on shares of Comcast in a research note on Friday, July 24th. Finally, BNP Paribas Exane dropped their target price on Comcast from $25.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Comcast currently has an average rating of "Hold" and a consensus price target 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.

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