Comcast Corporation $CMCSA Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 253,342 shares of the cable giant’s stock after selling 44,106 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Comcast were worth $9,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cranbrook Wealth Management LLC increased its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the last quarter. Avalon Trust Co grew its holdings in Comcast by 433.3% during the 2nd 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. Ransom Advisory Ltd bought a new stake in shares of Comcast in the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC raised its stake in shares of Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $26.46 on Tuesday. The stock has a market cap of $96.42 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 1.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.03. The stock’s 50 day moving average price is $29.36 and its 200 day moving average price is $32.55.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Sanford C. Bernstein lowered their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, October 31st. Loop Capital decreased their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. BNP Paribas Exane raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $35.92.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.