MainStreet Investment Advisors LLC Raises Stock Position in Comcast Corporation $CMCSA

MainStreet Investment Advisors LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,743 shares of the cable giant’s stock after purchasing an additional 2,211 shares during the period. MainStreet Investment Advisors LLC’s holdings in Comcast were worth $2,917,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMCSA. QRG Capital Management Inc. boosted its stake in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after acquiring an additional 83,631 shares in the last quarter. Advisor OS LLC raised its holdings in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the period. Aberdeen Group plc boosted its position 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. Penserra Capital Management LLC grew its holdings in Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after purchasing an additional 13,653 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of 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 worth $47,254,000 after buying an additional 118,839 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $27.22 on Tuesday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $44.03. The stock has a market capitalization of $99.19 billion, a PE ratio of 4.53, a PEG ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day simple moving average of $29.99 and a 200-day simple moving average of $32.82.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion for the quarter. On average, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Arete dropped their price target on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Moffett Nathanson decreased their price target on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Pivotal Research cut their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $36.12.

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.