Federated Hermes Inc. Purchases 13,491 Shares of Comcast Co. (NASDAQ:CMCSA)

Federated Hermes Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,153 shares of the cable giant’s stock after purchasing an additional 13,491 shares during the quarter. Federated Hermes Inc.’s holdings in Comcast were worth $12,185,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brevan Howard Capital Management LP purchased a new position in Comcast during the 4th quarter valued at about $2,056,000. Hotchkis & Wiley Capital Management LLC grew its stake in Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the period. First Hawaiian Bank lifted its stake in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its holdings in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.5 %

CMCSA opened at $39.36 on Tuesday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $39.40 and its 200-day moving average price is $39.70. The company has a market cap of $154.43 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. On average, equities analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.15%. Comcast’s payout ratio is currently 32.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CMCSA shares. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. KeyCorp cut their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.78.

Comcast Company 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.