Hohimer Wealth Management LLC Buys Shares of 72,111 Comcast Corporation $CMCSA

Hohimer Wealth Management LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 72,111 shares of the cable giant’s stock, valued at approximately $2,266,000.

Other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. boosted its stake in Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after buying an additional 307 shares in the last quarter. Coign Capital Advisors LLC raised its stake in Comcast by 2.1% during the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares in the last quarter. OneAscent Family Office LLC lifted its holdings in shares of Comcast by 4.9% in the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock worth $252,000 after acquiring an additional 332 shares during the last quarter. Titleist Asset Management LLC boosted its stake in shares of Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after purchasing an additional 342 shares in the last quarter. Finally, Lakeshore Capital Group Inc. grew its holdings in shares of Comcast by 2.6% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Moffett Nathanson lowered their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Arete Research set a $23.00 target price on shares of Comcast in a research note on Tuesday, January 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a report on Friday, January 30th. Oppenheimer set a $38.00 price target on Comcast in a research note on Tuesday, November 4th. Finally, BNP Paribas Exane downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.87.

Comcast Price Performance

CMCSA stock opened at $30.86 on Friday. The company has a market capitalization of $111.03 billion, a P/E ratio of 5.75, a PEG ratio of 2.40 and a beta of 0.81. The company has a fifty day moving average price of $29.84 and a 200-day moving average price of $30.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. Comcast’s dividend payout ratio is presently 24.58%.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is owned by company insiders.

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.