Comcast Corporation $CMCSA Shares Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,311 shares of the cable giant’s stock after acquiring an additional 16,771 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Comcast were worth $3,120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMCSA. Brighton Jones LLC boosted its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. lifted its stake in shares of Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank boosted its holdings in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the last quarter. Freedom Investment Management Inc. grew its stake in Comcast by 6.5% during the 2nd quarter. Freedom Investment Management Inc. now owns 9,195 shares of the cable giant’s stock valued at $328,000 after purchasing an additional 565 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of Comcast by 106.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,146 shares of the cable giant’s stock valued at $41,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.9%

NASDAQ:CMCSA opened at $31.63 on Tuesday. The firm has a market capitalization of $113.80 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97. 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 stock has a 50 day moving average of $29.78 and a 200-day moving average of $30.03.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. 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 given a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Evercore decreased their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada decreased their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price objective (down previously from $39.00) on shares of Comcast in a research note on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.90.

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.