Oak Harvest Investment Services Trims Stock Position in Comcast Corporation $CMCSA

Oak Harvest Investment Services decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 23.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 133,020 shares of the cable giant’s stock after selling 39,820 shares during the quarter. Oak Harvest Investment Services’ holdings in Comcast were worth $4,747,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. grew its position in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC boosted its stake in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after buying an additional 8,841 shares during the period. Aberdeen Group plc boosted its stake in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after buying an additional 147,231 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Comcast by 20.0% during the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after buying an additional 13,653 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after acquiring an additional 118,839 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. Loop Capital decreased their price objective on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Pivotal Research cut their price target on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Barclays lowered their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, UBS Group set a $34.00 target price on shares of Comcast in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.12.

Comcast Trading Up 0.3%

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

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio is 21.96%.

About Comcast

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.