Comcast Corporation $CMCSA Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 36.8% during the 2nd quarter, Holdings Channel reports. The fund owned 84,974 shares of the cable giant’s stock after selling 49,430 shares during the quarter. Johnson Financial Group Inc.’s holdings in Comcast were worth $3,033,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Vanguard Group Inc. raised its holdings in Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after buying an additional 147,231 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Comcast by 20.0% in the 2nd quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after buying an additional 13,653 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after buying an additional 118,839 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4%

Shares of CMCSA stock opened at $26.57 on Thursday. The company has a market capitalization of $96.82 billion, a P/E ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $29.13 and its two-hundred day moving average is $32.46. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $43.45.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, November 4th. Morgan Stanley reduced their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, October 31st. Bank of America decreased their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price target (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Finally, Benchmark reduced their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.92.

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.