Oppenheimer Asset Management Inc. Acquires 19,596 Shares of Comcast Corporation $CMCSA

Oppenheimer Asset Management Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 911,507 shares of the cable giant’s stock after purchasing an additional 19,596 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comcast were worth $32,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter worth approximately $940,015,000. Dodge & Cox lifted its position in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. Pacer Advisors Inc. lifted its position in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the period. KBC Group NV raised its holdings in Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after buying an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CMCSA shares. Loop Capital lowered their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. Morgan Stanley set a $35.00 target price on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Finally, Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $39.76.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.28 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $108.11 billion, a PE ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The company has a 50-day moving average price of $31.92 and a two-hundred day moving average price of $33.53.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion during the quarter. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

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.