Comcast Co. (NASDAQ:CMCSA) Position Cut by M&G Plc

M&G Plc reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 61.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 620,091 shares of the cable giant’s stock after selling 969,527 shares during the quarter. M&G Plc’s holdings in Comcast were worth $26,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ontario Teachers Pension Plan Board grew its position in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after buying an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. Capital World Investors grew its holdings in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $44.19 on Friday. The company has a market capitalization of $171.13 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.00. The firm has a 50 day moving average of $41.00 and a two-hundred day moving average of $39.66. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company posted $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.