W.H. Cornerstone Investments Inc. Grows Position in Comcast Corporation $CMCSA

W.H. Cornerstone Investments Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,228 shares of the cable giant’s stock after buying an additional 2,376 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Comcast were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CMCSA. Dodge & Cox lifted its holdings in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Comcast by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock valued at $1,281,458,000 after purchasing an additional 490,923 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Comcast by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the period. Nuveen LLC acquired a new position in Comcast during the 1st quarter valued at about $940,015,000. Finally, Harris Associates L P raised its stake in shares of Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 1.1%

Shares of CMCSA traded up $0.32 during mid-day trading on Thursday, reaching $28.21. The company’s stock had a trading volume of 4,503,179 shares, compared to its average volume of 25,127,594. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $102.78 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.06. The company’s 50 day moving average is $30.37 and its 200 day moving average is $32.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.96%.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Bank of America decreased their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Monday. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Finally, Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.12.

Comcast Company 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.