MUFG Securities EMEA plc Grows Position in Comcast Corporation $CMCSA

MUFG Securities EMEA plc boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 1,502.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,129,675 shares of the cable giant’s stock after buying an additional 1,059,184 shares during the quarter. MUFG Securities EMEA plc’s holdings in Comcast were worth $31,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cora Capital Advisors LLC raised its position in Comcast by 3.4% in the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the last quarter. FSA Advisors Inc. raised its position in Comcast by 5.5% in the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. raised its position in Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares during the last quarter. WPG Advisers LLC raised its position in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares during the last quarter. Finally, Addison Advisors LLC raised its position in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after buying an additional 384 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.2%

CMCSA stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $88.84 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 2.00 and a beta of 0.71. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The stock has a fifty day moving average of $27.26 and a 200-day moving average of $28.54.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, equities research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Comcast’s dividend payout ratio is presently 25.98%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CMCSA shares. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Finally, BNP Paribas Exane decreased their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.79.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.