MUFG Americas Holdings Corp decreased its position in shares of Comcast (NASDAQ:CMCSA) by 8.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 578,105 shares of the cable giant’s stock after selling 54,577 shares during the period. MUFG Americas Holdings Corp’s holdings in Comcast were worth $19,754,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CMCSA. Pacer Advisors Inc. grew its position in Comcast by 12.7% in the third quarter. Pacer Advisors Inc. now owns 194,832 shares of the cable giant’s stock worth $7,497,000 after acquiring an additional 21,942 shares in the last quarter. Geneva Partners LLC purchased a new position in Comcast in the third quarter worth about $228,000. Willingdon Wealth Management purchased a new position in Comcast in the third quarter worth about $133,000. Findlay Park Partners LLP grew its position in Comcast by 3.3% in the third quarter. Findlay Park Partners LLP now owns 9,224,323 shares of the cable giant’s stock worth $354,952,000 after acquiring an additional 293,677 shares in the last quarter. Finally, Renaissance Group LLC grew its position in Comcast by 1,279.2% in the third quarter. Renaissance Group LLC now owns 858,723 shares of the cable giant’s stock worth $33,044,000 after acquiring an additional 796,461 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.
Shares of Comcast opened at $32.41 on Friday, according to Marketbeat.com. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $151.18 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.20 and a beta of 1.19. Comcast has a 1 year low of $32.11 and a 1 year high of $32.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, July 2nd. Comcast’s payout ratio is currently 36.89%.
In other news, EVP David N. Watson sold 131,447 shares of Comcast stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total transaction of $4,835,935.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel C. Murdock sold 916 shares of Comcast stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the sale, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at approximately $70,384. The disclosure for this sale can be found here. Insiders have sold 1,210,111 shares of company stock valued at $44,299,007 in the last ninety days. Insiders own 1.28% of the company’s stock.
Several research analysts recently commented on CMCSA shares. Moffett Nathanson reiterated a “buy” rating and issued a $52.00 price target (up previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Pivotal Research reiterated a “buy” rating and issued a $113.00 price target on shares of Comcast in a research report on Wednesday, February 28th. Guggenheim lifted their price target on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. SunTrust Banks lifted their price target on Comcast to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, TD Securities lifted their price target on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $46.23.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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