MUFG Americas Holdings Corp trimmed its holdings in shares of Comcast (NASDAQ:CMCSA) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 578,105 shares of the cable giant’s stock after selling 54,577 shares during the period. MUFG Americas Holdings Corp’s holdings in Comcast were worth $19,754,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Crewe Advisors LLC bought a new position in shares of Comcast during the 4th quarter valued at $102,000. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the 3rd quarter valued at $104,000. Vigilant Capital Management LLC lifted its holdings in shares of Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,134 shares during the period. Tower View Investment Management & Research LLC bought a new position in shares of Comcast during the 4th quarter valued at $109,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Comcast during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 83.75% of the company’s stock.
Several research firms have recently weighed in on CMCSA. KeyCorp raised Comcast to an “overweight” rating in a report on Thursday. Atlantic Securities cut Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. Pivotal Research reissued a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Nomura reissued a “neutral” rating and set a $42.00 price target (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Finally, Instinet cut Comcast from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.00 to $45.00 in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.23.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. analysts forecast that Comcast will post 2.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.34%. Comcast’s dividend payout ratio is presently 36.89%.
In other Comcast news, CEO Brian L. Roberts sold 358,353 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the sale, the chief executive officer now directly owns 1,717,788 shares of the company’s stock, valued at $63,369,199.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David N. Watson sold 131,447 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,210,111 shares of company stock worth $44,299,007. Insiders own 1.28% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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