Comcast Corporation $CMCSA Stock Position Reduced by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,500 shares of the cable giant’s stock after selling 13,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Comcast were worth $16,660,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Advisor OS LLC raised its stake in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Comcast by 10.2% during 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 purchasing an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in Comcast in the 1st quarter valued at $335,000. DAVENPORT & Co LLC increased its holdings in Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after buying an additional 1,261,278 shares during the period. Finally, American Financial Group Inc. increased its holdings in Comcast by 29.0% in the 1st quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant’s stock valued at $9,852,000 after buying an additional 60,000 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $33.67 on Wednesday. The company has a market capitalization of $124.32 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 2.04 and a beta of 0.93. The firm’s 50 day simple moving average is $33.94 and its 200 day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

Several brokerages have issued reports on CMCSA. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Rothschild & Co Redburn decreased their price objective on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $40.63.

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.