Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Comcast (NASDAQ:CMCSA) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,539,190 shares of the cable giant’s stock after selling 18,630 shares during the quarter. Comcast makes up approximately 1.3% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 16th largest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.08% of Comcast worth $120,934,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in Comcast in the 4th quarter valued at $102,000. Wealthcare Advisory Partners LLC purchased a new stake in Comcast in the 3rd quarter valued at $104,000. Vigilant Capital Management LLC grew its holdings in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,134 shares in the last quarter. Tower View Investment Management & Research LLC purchased a new stake in Comcast in the 4th quarter valued at $109,000. Finally, Global Trust Asset Management LLC purchased a new stake in Comcast in the 4th quarter valued at $126,000. 83.75% of the stock is owned by institutional investors and hedge funds.
Comcast stock traded up $0.28 during midday trading on Thursday, reaching $32.83. 684,011 shares of the stock traded hands, compared to its average volume of 27,159,492. Comcast has a 12-month low of $32.11 and a 12-month high of $32.35. The stock has a market capitalization of $148.67 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.74 billion. During the same period last year, the business posted $0.53 EPS. Comcast’s revenue for the quarter was up 10.7% on a year-over-year basis. equities research analysts anticipate that Comcast will post 2.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, July 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
In other Comcast news, EVP David N. Watson sold 131,447 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total value of $4,835,935.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, the senior vice president now directly owns 2,120 shares in the company, valued at approximately $70,384. The disclosure for this sale can be found here. Insiders sold a total of 1,210,111 shares of company stock worth $44,299,007 in the last ninety days. 1.28% of the stock is owned by corporate insiders.
Several analysts have issued reports on the company. KeyCorp assumed coverage on Comcast in a report on Wednesday. They issued a “buy” rating and a $38.00 target price for the company. Macquarie restated a “hold” rating and issued a $38.00 target price on shares of Comcast in a report on Sunday, April 29th. Atlantic Securities cut Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Nomura restated a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. Comcast presently has an average rating of “Buy” and a consensus price target of $46.23.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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