Mirae Asset Global Investments Co. Ltd. Acquires 120,172 Shares of Comcast Co. (NASDAQ:CMCSA)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,207,704 shares of the cable giant’s stock after purchasing an additional 120,172 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Comcast were worth $45,686,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. AMF Tjanstepension AB lifted its stake in shares of Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after acquiring an additional 132,442 shares during the period. Czech National Bank lifted its stake in Comcast by 5.5% in the third quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after buying an additional 41,061 shares during the period. Miracle Mile Advisors LLC lifted its stake in Comcast by 6.1% in the third quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after buying an additional 466 shares during the period. City Center Advisors LLC lifted its stake in Comcast by 4.7% in the third quarter. City Center Advisors LLC now owns 12,102 shares of the cable giant’s stock valued at $506,000 after buying an additional 543 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Comcast by 13.9% in the third quarter. Versant Capital Management Inc now owns 4,264 shares of the cable giant’s stock valued at $178,000 after buying an additional 522 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $33.55 on Wednesday. The stock has a market capitalization of $128.38 billion, a PE ratio of 8.08, a P/E/G ratio of 1.23 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The business has a fifty day moving average price of $38.41 and a two-hundred day moving average price of $40.02. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.38.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts predict that Comcast Co. will post 4.4 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.93%. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Comcast Profile

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.