Comcast Co. (NASDAQ:CMCSA) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,819 shares of the cable giant’s stock after selling 121,761 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Comcast were worth $8,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Sava Infond d.o.o. acquired a new position in shares of Comcast in the 4th quarter valued at about $120,000. Artisan Partners Limited Partnership boosted its stake in Comcast by 4.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,353,759 shares of the cable giant’s stock valued at $125,867,000 after acquiring an additional 135,845 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Comcast by 7.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,525,452 shares of the cable giant’s stock valued at $245,814,000 after purchasing an additional 426,874 shares during the last quarter. Korea Investment CORP raised its position in shares of Comcast by 57.3% during the 4th quarter. Korea Investment CORP now owns 2,810,878 shares of the cable giant’s stock worth $105,492,000 after purchasing an additional 1,023,396 shares during the period. Finally, Tyler Stone Wealth Management lifted its holdings in shares of Comcast by 23.5% in the 4th quarter. Tyler Stone Wealth Management now owns 6,447 shares of the cable giant’s stock worth $242,000 after purchasing an additional 1,225 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $37.37 on Friday. The company’s 50 day simple moving average is $35.89 and its 200-day simple moving average is $39.01. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is 31.81%.

Analyst Ratings Changes

Several brokerages have weighed in on CMCSA. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Citigroup decreased their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Company 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.