Healthcare of Ontario Pension Plan Trust Fund Has $603,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 43.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,565 shares of the cable giant’s stock after buying an additional 6,232 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Comcast were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mach 1 Financial Group LLC acquired a new position in Comcast during the 3rd quarter valued at $31,000. Cowa LLC bought a new stake in Comcast in the 3rd quarter valued at $36,000. TD Capital Management LLC bought a new stake in Comcast in the 3rd quarter valued at $38,000. McClarren Financial Advisors Inc. bought a new stake in Comcast in the 3rd quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in Comcast by 91.2% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,537 shares of the cable giant’s stock valued at $45,000 after buying an additional 733 shares during the period. 82.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 1,977,877 shares of the stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $3.27, for a total value of $6,467,657.79. Following the sale, the insider now directly owns 28,902,123 shares in the company, valued at approximately $94,509,942.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 7,527,791 shares of company stock worth $19,025,007. Company insiders own 1.11% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $37.17 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. Comcast Co. has a 1 year low of $28.39 and a 1 year high of $48.42. The company has a market cap of $156.71 billion, a PE ratio of 31.24, a PEG ratio of 0.77 and a beta of 1.02. The company’s 50-day moving average is $38.02 and its two-hundred day moving average is $35.25.

Comcast (NASDAQ:CMCSA – Get Rating) last released its earnings results on Thursday, January 26th. The cable giant reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The company had revenue of $30.55 billion for the quarter, compared to the consensus estimate of $30.36 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 3.67 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, April 4th. This is an increase from Comcast’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.12%. Comcast’s dividend payout ratio is presently 90.76%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 2nd. Citigroup boosted their price target on shares of Comcast to $38.00 in a report on Tuesday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Comcast from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, January 27th. Rosenblatt Securities upped their target price on shares of Comcast from $32.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. Finally, Cowen lowered their target price on shares of Comcast from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.29.

Comcast Company Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.