Comcast Corporation $CMCSA Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 753,175 shares of the cable giant’s stock after purchasing an additional 62,483 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Comcast were worth $22,512,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the fourth quarter valued at about $27,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the third quarter valued at about $28,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $29,000. Finally, Richardson Financial Services Inc. grew its position in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $24.50 on Monday. The company’s 50-day moving average price is $26.32 and its 200-day moving average price is $28.32. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a market cap of $87.52 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.99 and a beta of 0.68. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. Comcast’s payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMCSA shares. Rosenblatt Securities dropped their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. New Street Research decreased their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Evercore raised their price target on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Citigroup raised their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $34.56.

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.