Hsbc Holdings PLC Boosts Stock Holdings in Comcast Corporation $CMCSA

Hsbc Holdings PLC raised its holdings in Comcast Corporation (NASDAQ:CMCSAFree Report) by 43.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,797,091 shares of the cable giant’s stock after purchasing an additional 4,175,418 shares during the period. Hsbc Holdings PLC’s holdings in Comcast were worth $404,414,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Vanguard Group Inc. boosted its holdings in Comcast by 0.6% in 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 holdings in Comcast by 3.4% during 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 acquiring an additional 6,117,946 shares during the period. Capital World Investors raised its holdings in Comcast by 20.8% during 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 acquiring an additional 24,166,881 shares during the period. Dodge & Cox lifted its position in shares of Comcast by 0.4% during the fourth quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after acquiring an additional 399,596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Comcast by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after acquiring an additional 1,465,428 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $22.43 on Friday. The company has a market cap of $80.13 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $25.83 and a 200-day moving average price of $28.19. Comcast Corporation has a 12-month low of $22.38 and a 12-month high of $36.66.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup increased their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Freedom Capital raised Comcast to a “hold” rating in a report on Friday, June 12th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.50.

Read Our Latest Analysis on CMCSA

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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