Fort Washington Investment Advisors Inc. OH Has $94.03 Million Stake in Comcast Corporation (NASDAQ:CMCSA)

Fort Washington Investment Advisors Inc. OH increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 104.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,503,180 shares of the cable giant’s stock after buying an additional 1,281,322 shares during the period. Comcast Corporation accounts for approximately 1.5% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 20th largest position. Fort Washington Investment Advisors Inc. OH owned 0.05% of Comcast Corporation worth $94,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora increased its stake in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the period. Orrstown Financial Services Inc. increased its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the period. CT Financial Advisors LLC increased its stake in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the period. Finally, Adirondack Trust Co. increased its stake in shares of Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock worth $109,000 after buying an additional 1,450 shares during the period. Institutional investors and hedge funds own 82.32% of the company’s stock.

Comcast Corporation (CMCSA) opened at 39.61 on Tuesday. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm has a 50-day moving average price of $39.64 and a 200-day moving average price of $38.61. The stock has a market capitalization of $186.70 billion, a PE ratio of 19.95 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. Equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

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A number of analysts have recently issued reports on CMCSA shares. Telsey Advisory Group lifted their price target on Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Credit Suisse Group lifted their price target on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Instinet reiterated a “buy” rating and set a $43.00 price target (down previously from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Pivotal Research reiterated a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus price target of $45.69.

In other news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen B. Burke sold 258,380 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the sale, the executive vice president now owns 980,498 shares in the company, valued at $38,229,617.02. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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