Healthcare of Ontario Pension Plan Trust Fund Has $37.56 Million Holdings in Comcast Corporation $CMCSA

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,256,690 shares of the cable giant’s stock after selling 2,961,681 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Comcast were worth $37,562,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the period. State Street Corp raised its stake in shares of Comcast by 3.4% in the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock valued at $5,583,604,000 after purchasing an additional 6,117,946 shares during the period. Capital World Investors raised its stake in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox raised its stake in shares of Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after purchasing an additional 399,596 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Comcast by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $24.50 on Monday. The stock has a market capitalization of $87.52 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.99 and a beta of 0.68. The business has a 50-day moving average of $26.32 and a 200-day moving average of $28.32. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.4%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMCSA. Royal Bank Of Canada lifted their price target on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Evercore lifted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, Scotiabank lifted their price target on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Profile

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.