Comcast Corporation $CMCSA Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 31.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,355 shares of the cable giant’s stock after purchasing an additional 79,013 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Comcast were worth $10,443,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Comcast in the 2nd quarter worth $3,528,361,000. Dodge & Cox increased its stake in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Comcast by 133.1% in the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after purchasing an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Comcast by 554.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after purchasing an additional 4,240,876 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Barclays set a $28.00 target price on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Benchmark lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Daiwa Securities Group reduced their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Finally, Arete Research set a $23.00 price target on Comcast in a research report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.87.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $30.96 on Monday. The company has a market cap of $111.39 billion, a PE ratio of 5.77, a P/E/G ratio of 2.41 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The company has a fifty day moving average price of $29.86 and a two-hundred day moving average price of $30.01. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the previous year, the business posted $0.96 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

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.