Comcast Corporation $CMCSA Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 81.2% during the third quarter, HoldingsChannel.com reports. The fund owned 206,767 shares of the cable giant’s stock after acquiring an additional 92,644 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Comcast were worth $4,499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CMCSA. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after acquiring an additional 10,359,800 shares during the period. Nykredit A S bought a new stake in shares of Comcast in the 2nd quarter worth about $185,237,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Comcast in the 3rd quarter worth about $135,207,000. Cullen Capital Management LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $129,801,000. Finally, Bank of America Corp DE increased its position in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after purchasing an additional 3,783,234 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America reissued a “buy” rating and set a $35.00 price target (down from $37.00) on shares of Comcast in a report on Wednesday, September 16th. UBS Group reaffirmed a “neutral” rating and set a $27.00 price objective (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Comcast in a report on Friday, October 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Comcast in a report on Thursday, October 22nd. Finally, Barclays set a $24.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.77.

Read Our Latest Research Report on CMCSA

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $24.39 on Monday. Comcast Corporation has a twelve month low of $20.48 and a twelve month high of $32.85. The firm has a market cap of $86.61 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $23.14 and a 200-day moving average of $25.99.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $29.30 billion during the quarter, compared to analysts’ expectations of $29.22 billion. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. On average, equities research analysts predict that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio (DPR) is presently 41.77%.

About Comcast

(Free Report)

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States.

Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.

Comcast traces its roots to a cable television business founded in 1963 as American Cable Systems.

See Also

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA – Free Report).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.