Comcast Corporation $CMCSA Shares Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,540 shares of the cable giant’s stock after buying an additional 15,777 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Comcast were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Comcast during the 1st quarter worth $940,015,000. Dodge & Cox raised its holdings in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the period. Acadian Asset Management LLC boosted its position in Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after acquiring an additional 4,128,434 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Comcast by 76.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after purchasing an additional 4,096,382 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Arete lowered their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Sanford C. Bernstein dropped their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Evercore ISI reduced their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Oppenheimer set a $38.00 price target on shares of Comcast in a research note on Tuesday, November 4th. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.92.

Comcast Price Performance

Shares of Comcast stock opened at $27.35 on Friday. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $44.03. The firm’s 50-day moving average price is $29.48 and its two-hundred day moving average price is $32.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a P/E/G ratio of 1.83 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 during the quarter. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

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.