Oppenheimer Asset Management Inc. Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Oppenheimer Asset Management Inc. grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 951,757 shares of the cable giant’s stock after buying an additional 162,529 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comcast were worth $37,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Brevan Howard Capital Management LP bought a new stake in Comcast during the 4th quarter valued at $2,056,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after purchasing an additional 368,685 shares during the period. Capital Investment Advisors LLC boosted its stake in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank grew its holdings in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after buying an additional 15,664 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its position in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after buying an additional 1,459 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $39.55 on Friday. The business has a 50 day moving average of $39.36 and a 200 day moving average of $39.76. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market cap of $153.16 billion, a PE ratio of 10.46, a P/E/G ratio of 1.03 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group started coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $45.78.

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.