Fort Washington Investment Advisors Inc. OH Raises Holdings in Comcast Corporation $CMCSA

Key Points

• Fort Washington Investment Advisors Inc. OH raised its holdings in Comcast Corporation by 0.8%, now owning approximately 3,972,735 shares, valued at about $141.787 million.
• Comcast reported $1.25 EPS for the last quarter, exceeding analyst expectations of $1.18, with revenues of $30.31 billion.
• The company announced a quarterly dividend of $0.33, set to be paid on October 22nd, resulting in an annualized yield of 4.2%.

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,972,735 shares of the cable giant's stock after buying an additional 30,596 shares during the period. Comcast comprises 0.8% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its 29th biggest holding. Fort Washington Investment Advisors Inc. OH owned approximately 0.11% of Comcast worth $141,787,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter worth approximately $26,000. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after buying an additional 350 shares during the last quarter. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at $29,000. Finally, Retirement Wealth Solutions LLC grew its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.3%

NASDAQ:CMCSA opened at $31.72 on Friday. The business's 50-day moving average is $33.13 and its two-hundred day moving average is $34.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. 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.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is presently 21.82%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMCSA. Sanford C. Bernstein lowered their target price on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a report on Wednesday, September 10th. Benchmark reissued a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Citigroup reissued a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Moffett Nathanson increased their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Rosenblatt Securities increased their price target on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $40.19.

Comcast 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.

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