Rockefeller Capital Management L.P. Boosts Position in Comcast Corporation $CMCSA

Rockefeller Capital Management L.P. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 217.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,218,001 shares of the cable giant’s stock after purchasing an additional 834,891 shares during the period. Rockefeller Capital Management L.P.’s holdings in Comcast were worth $36,406,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. World Investment Advisors raised its position in Comcast by 17.1% during the 4th quarter. World Investment Advisors now owns 328,962 shares of the cable giant’s stock valued at $9,833,000 after purchasing an additional 47,936 shares in the last quarter. Winthrop Partners WNY LLC purchased a new stake in Comcast in the fourth quarter worth about $938,000. Union Savings Bank bought a new position in Comcast during the 4th quarter worth about $69,000. Hsbc Holdings PLC increased its position in Comcast by 43.4% during the 4th quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock valued at $404,414,000 after purchasing an additional 4,175,418 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Comcast during the 4th quarter valued at about $36,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $22.43 on Monday. The firm’s 50 day moving average price is $25.83 and its 200-day moving average price is $28.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 52-week low of $22.38 and a 52-week high of $36.66. The company has a market cap of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 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 quarter in the prior year, the company posted $1.09 earnings per share. On average, sell-side analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

The firm 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. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CMCSA shares. New Street Research lowered their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Scotiabank increased their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.50.

Comcast Company 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.