OVERSEA CHINESE BANKING Corp Ltd Increases Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 93.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,901 shares of the cable giant's stock after purchasing an additional 16,825 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Comcast were worth $1,288,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CMCSA. Brighton Jones LLC increased its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Comcast by 42.9% during the fourth quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock worth $598,000 after buying an additional 4,781 shares during the last quarter. Choate Investment Advisors boosted its stake in Comcast by 3.7% during the fourth quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant's stock worth $1,395,000 after buying an additional 1,328 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in Comcast by 16.1% during the fourth quarter. Greenwich Wealth Management LLC now owns 10,602 shares of the cable giant's stock worth $398,000 after buying an additional 1,467 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Comcast by 2.6% during the fourth quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant's stock worth $882,000 after buying an additional 605 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Arete Research raised Comcast to a "hold" rating in a research note on Tuesday, July 8th. Barclays cut their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $41.10.

Comcast Price Performance

CMCSA stock traded down $0.20 during midday trading on Friday, hitting $34.50. 7,984,589 shares of the stock were exchanged, compared to its average volume of 21,872,902. The stock's 50-day moving average price is $35.00 and its 200-day moving average price is $35.35. The stock has a market cap of $128.82 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.66 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

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.