Comcast Corporation $CMCSA Stake Reduced by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,616 shares of the cable giant’s stock after selling 19,448 shares during the period. Federated Hermes Inc.’s holdings in Comcast were worth $10,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CMCSA. Norges Bank acquired a new stake in shares of Comcast during the 2nd quarter valued at $3,528,361,000. Dodge & Cox grew its holdings in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. First Trust Advisors LP raised its position in shares of Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after purchasing an additional 5,817,614 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Comcast by 76.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after purchasing an additional 4,096,382 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.1%

Comcast stock opened at $27.60 on Friday. Comcast Corporation has a one year low of $25.75 and a one year high of $40.37. The company’s fifty day moving average price is $28.17 and its two-hundred day moving average price is $31.87. 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 company has a market capitalization of $100.57 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 1.90 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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%. On average, analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. Rosenblatt Securities decreased their target price on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, December 1st. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Moffett Nathanson lowered their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Pivotal Research cut their target price on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $35.78.

Comcast 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.