Mutual of America Capital Management LLC Sells 29,615 Shares of Comcast Co. (NASDAQ:CMCSA)

Mutual of America Capital Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,719 shares of the cable giant’s stock after selling 29,615 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Comcast were worth $21,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axxcess Wealth Management LLC raised its holdings in Comcast by 5.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 140,102 shares of the cable giant’s stock worth $5,486,000 after purchasing an additional 7,322 shares during the period. Fairway Wealth LLC raised its holdings in Comcast by 25.6% in the 2nd quarter. Fairway Wealth LLC now owns 1,403 shares of the cable giant’s stock worth $55,000 after purchasing an additional 286 shares during the period. Perennial Investment Advisors LLC raised its holdings in Comcast by 12.7% in the 2nd quarter. Perennial Investment Advisors LLC now owns 7,035 shares of the cable giant’s stock worth $275,000 after purchasing an additional 790 shares during the period. Plancorp LLC raised its holdings in Comcast by 0.4% in the 2nd quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock worth $2,926,000 after purchasing an additional 277 shares during the period. Finally, Excalibur Management Corp raised its holdings in Comcast by 25.2% in the 2nd quarter. Excalibur Management Corp now owns 9,215 shares of the cable giant’s stock worth $361,000 after purchasing an additional 1,853 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.2 %

CMCSA opened at $39.28 on Wednesday. The firm has a market cap of $154.12 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.03 and a beta of 1.01. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average of $39.43 and a 200 day moving average of $39.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. As a group, research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.78.

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.