Board of the Pension Protection Fund Has $1.67 Million Position in Comcast Corporation $CMCSA

Board of the Pension Protection Fund grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 214.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,900 shares of the cable giant’s stock after acquiring an additional 38,100 shares during the period. Comcast accounts for 1.6% of Board of the Pension Protection Fund’s investment portfolio, making the stock its 17th biggest holding. Board of the Pension Protection Fund’s holdings in Comcast were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Capital A Wealth Management LLC boosted its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Comcast in the 2nd quarter worth about $29,000. Imprint Wealth LLC acquired a new position in Comcast in the 3rd quarter worth about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast during the 2nd quarter worth about $31,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at about $28,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 1.4%

Shares of CMCSA stock opened at $28.98 on Friday. The stock’s 50 day simple moving average is $30.26 and its 200 day simple moving average is $29.76. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $104.27 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 2.23 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is currently 24.58%.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada reduced their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Benchmark dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Finally, Morgan Stanley cut their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.87.

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.