Hibernia Wealth Partners LLC Invests $204,000 in Comcast Corporation $CMCSA

Hibernia Wealth Partners LLC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,713 shares of the cable giant’s stock, valued at approximately $204,000.

Several other large investors also recently added to or reduced their stakes in CMCSA. Clearstead Trust LLC increased its stake in Comcast by 15.2% in the 2nd quarter. Clearstead Trust LLC now owns 7,074 shares of the cable giant’s stock worth $252,000 after acquiring an additional 932 shares during the last quarter. Avalon Trust Co grew its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. W.H. Cornerstone Investments Inc. increased its position in shares of Comcast by 14.1% in the second quarter. W.H. Cornerstone Investments Inc. now owns 19,228 shares of the cable giant’s stock worth $686,000 after purchasing an additional 2,376 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in Comcast in the second quarter valued at approximately $13,325,000. Finally, Candriam S.C.A. raised its stake in Comcast by 6.8% in the second quarter. Candriam S.C.A. now owns 919,892 shares of the cable giant’s stock valued at $32,832,000 after purchasing an additional 58,564 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $27.97 on Friday. The stock has a market capitalization of $101.92 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.81 and a beta of 0.92. The firm’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $32.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.06.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Arete decreased their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Williams Trading set a $40.00 price objective on shares of Comcast in a report on Friday, October 31st. Morgan Stanley decreased their target price on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, October 31st. BNP Paribas Exane raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, November 4th. Finally, Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.12.

Comcast Company 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.