Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in Comcast Corporation $CMCSA

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,736,234 shares of the cable giant’s stock after purchasing an additional 266,124 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Comcast worth $117,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Argyle Capital Management LLC boosted its stake in shares of Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after buying an additional 300 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in shares of Comcast by 2.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares in the last quarter. Coign Capital Advisors LLC grew its stake in shares of Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after purchasing an additional 324 shares during the period. Live Oak Investment Partners increased its holdings in shares of Comcast by 1.2% in the 2nd quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after purchasing an additional 328 shares in the last quarter. Finally, OneAscent Family Office LLC increased its holdings in shares of Comcast by 4.9% in the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.2%

CMCSA stock opened at $29.30 on Friday. The company has a 50 day moving average price of $28.21 and a two-hundred day moving average price of $30.58. 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 stock has a market capitalization of $106.77 billion, a P/E ratio of 4.88, a PEG ratio of 2.06 and a beta of 0.81. Comcast Corporation has a one year low of $25.75 and a one year high of $38.40.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Rosenblatt Securities decreased their price objective on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Moffett Nathanson dropped their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Daiwa Capital Markets reduced their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Bank of America raised Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $37.00 in a report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $35.53.

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.