OFI Invest Asset Management Raises Holdings in Comcast Corporation $CMCSA

OFI Invest Asset Management grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,244 shares of the cable giant’s stock after purchasing an additional 431 shares during the quarter. OFI Invest Asset Management’s holdings in Comcast were worth $116,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC grew its holdings in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after purchasing an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new position in shares of Comcast during the first quarter worth about $335,000. Finally, DAVENPORT & Co LLC grew its holdings in shares of Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $29.46 on Monday. Comcast Corporation has a twelve month low of $29.42 and a twelve month high of $45.31. The stock’s 50 day moving average is $32.48 and its two-hundred day moving average is $33.90. The firm has a market capitalization of $108.77 billion, a PE ratio of 4.87, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays lowered their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. The Goldman Sachs Group lowered their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Loop Capital lowered their price target on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Finally, Morgan Stanley set a $35.00 price target on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $39.94.

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.