Healthcare of Ontario Pension Plan Trust Fund Has $37.56 Million Stock Holdings in Comcast Corporation $CMCSA

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 70.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,256,690 shares of the cable giant’s stock after selling 2,961,681 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Comcast were worth $37,562,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Comcast during the 3rd quarter worth $26,000. United Financial Planning Group LLC acquired a new position in Comcast during the 3rd quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast during the 4th quarter worth $27,000. Olistico Wealth LLC acquired a new position in Comcast during the 4th quarter worth $29,000. Finally, Richardson Financial Services Inc. lifted its holdings in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMCSA. Scotiabank upped their price objective on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley raised their price target on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their price target on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, KeyCorp restated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.56.

Comcast Price Performance

NASDAQ:CMCSA opened at $24.50 on Monday. Comcast Corporation has a 12-month low of $23.13 and a 12-month high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a market capitalization 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. The stock’s fifty day simple moving average is $26.32 and its 200-day simple moving average is $28.32.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

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.