Comcast Co. (NASDAQ:CMCSA) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 34.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 232,819 shares of the cable giant’s stock after selling 121,761 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Comcast were worth $8,738,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CMCSA. Sava Infond d.o.o. acquired a new stake in Comcast in the fourth quarter valued at $120,000. Artisan Partners Limited Partnership boosted its position in shares of Comcast by 4.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 3,353,759 shares of the cable giant’s stock worth $125,867,000 after buying an additional 135,845 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Comcast by 7.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,525,452 shares of the cable giant’s stock valued at $245,814,000 after acquiring an additional 426,874 shares in the last quarter. Korea Investment CORP raised its position in Comcast by 57.3% during the fourth quarter. Korea Investment CORP now owns 2,810,878 shares of the cable giant’s stock worth $105,492,000 after acquiring an additional 1,023,396 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its holdings in shares of Comcast by 23.5% in the fourth quarter. Tyler Stone Wealth Management now owns 6,447 shares of the cable giant’s stock valued at $242,000 after purchasing an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Wells Fargo & Company cut their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Stock Performance

Shares of CMCSA opened at $37.37 on Friday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock’s 50-day moving average is $35.89 and its two-hundred day moving average is $39.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $141.30 billion, a PE ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

About Comcast

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.