Comcast Corporation $CMCSA Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 6.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 438,012 shares of the cable giant’s stock after selling 29,521 shares during the period. Mutual of America Capital Management LLC’s holdings in Comcast were worth $13,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC grew its stake in shares of Comcast by 173.7% in the 2nd 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. Global Trust Asset Management LLC grew its holdings in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Avalon Trust Co raised its position in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Comcast in the second quarter valued at $29,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $29.30 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The firm has a fifty day moving average of $28.21 and a 200-day moving average of $30.50. The firm 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $31.20 billion for the quarter, compared to the consensus estimate of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Citigroup decreased their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley dropped their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Finally, Oppenheimer set a $38.00 price objective on shares of Comcast in a research report on Tuesday, November 4th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.53.

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.