Comcast Corporation $CMCSA Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 438,012 shares of the cable giant’s stock after selling 29,521 shares during the period. Mutual of America Capital Management LLC’s holdings in Comcast were worth $13,762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Comcast by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after acquiring an additional 300,898 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Comcast by 47.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 532,315 shares of the cable giant’s stock valued at $18,998,000 after acquiring an additional 171,929 shares during the period. Finally, Aberdeen Group plc raised its holdings in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.2%

Shares of Comcast stock opened at $29.30 on Monday. The firm has a market cap of $106.77 billion, a price-to-earnings ratio of 4.88, a P/E/G ratio of 2.06 and a beta of 0.81. The stock has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $30.50. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. On average, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein dropped their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. UBS Group set a $37.00 price objective on Comcast in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada dropped their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Finally, BNP Paribas Exane boosted their price objective on Comcast from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Eleven investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $35.53.

Comcast 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.