Mitsubishi UFJ Asset Management Co. Ltd. Purchases 202,404 Shares of Comcast Corporation $CMCSA

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,674,657 shares of the cable giant’s stock after acquiring an additional 202,404 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Comcast worth $241,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. raised its position in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after buying an additional 307 shares in the last quarter. Coign Capital Advisors LLC increased its stake in Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares during the last quarter. OneAscent Family Office LLC increased its stake in Comcast by 4.9% in the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock worth $252,000 after acquiring an additional 332 shares during the last quarter. Titleist Asset Management LLC raised its holdings in shares of Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 342 shares in the last quarter. Finally, Lakeshore Capital Group Inc. boosted its position in shares of Comcast by 2.6% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after acquiring an additional 343 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Benchmark decreased their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Scotiabank dropped their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a report on Friday, January 30th. Arete Research set a $23.00 target price on Comcast in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada lowered their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.87.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast 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 of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $30.79 on Thursday. The firm has a fifty day simple moving average of $29.82 and a two-hundred day simple moving average of $30.04. 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 twelve month low of $25.75 and a twelve month high of $37.97. The company has a market capitalization of $110.78 billion, a PE ratio of 5.73, a P/E/G ratio of 2.47 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion for 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

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.