Ontario Teachers Pension Plan Board Invests $535,000 in Comcast Corporation $CMCSA

Ontario Teachers Pension Plan Board bought a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,035 shares of the cable giant’s stock, valued at approximately $535,000.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. increased its stake in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank lifted its position in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 4,290 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Comcast by 0.4% during the second quarter. Cullen Frost Bankers Inc. now owns 364,559 shares of the cable giant’s stock worth $13,011,000 after acquiring an additional 1,434 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Comcast by 6.1% in the second quarter. D.A. Davidson & CO. now owns 141,740 shares of the cable giant’s stock worth $5,059,000 after purchasing an additional 8,168 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.7%

NASDAQ CMCSA opened at $31.38 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $30.07. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The firm has a market capitalization of $112.90 billion, a P/E ratio of 5.84, a PEG ratio of 2.46 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is presently 24.58%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. Scotiabank cut their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 target price (down from $39.00) on shares of Comcast in a research report on Friday, October 31st. Finally, Royal Bank Of Canada reduced their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Ten 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. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $34.90.

Insider Activity

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

Comcast Profile

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.