Comcast Corporation $CMCSA Position Cut by The Manufacturers Life Insurance Company

by · The Cerbat Gem

The Manufacturers Life Insurance Company decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,371,927 shares of the cable giant’s stock after selling 68,811 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Comcast were worth $334,484,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Meridian Wealth Management LLC increased its position in Comcast by 3.4% in the 1st quarter. Meridian Wealth Management LLC now owns 15,224 shares of the cable giant’s stock valued at $562,000 after acquiring an additional 507 shares during the period. Klingman & Associates LLC increased its position in Comcast by 6.6% in the 1st quarter. Klingman & Associates LLC now owns 7,381 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 457 shares during the period. National Pension Service raised its stake in Comcast by 4.4% during the 1st quarter. National Pension Service now owns 8,596,019 shares of the cable giant’s stock valued at $317,193,000 after acquiring an additional 364,707 shares in the last quarter. Finally, S Bank Fund Management Ltd acquired a new position in Comcast during the 1st quarter worth $838,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays lowered their price target on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Rosenblatt Securities lowered their target price on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. TD Cowen dropped their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. UBS Group set a $34.00 price objective on shares of Comcast in a report on Friday, October 31st. Finally, Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.78.

Check Out Our Latest Stock Analysis on CMCSA

Comcast Stock Up 2.9%

NASDAQ CMCSA opened at $27.58 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day simple moving average is $28.22 and its 200 day simple moving average is $31.90. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $40.37. The company has a market capitalization of $100.50 billion, a P/E ratio of 4.59, a PEG ratio of 1.84 and a beta of 0.83.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid 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 dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

About Comcast

(Free Report)

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.

See Also

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