Mutual of America Capital Management LLC Sells 28,104 Shares of Comcast Corporation $CMCSA

Mutual of America Capital Management LLC decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,533 shares of the cable giant’s stock after selling 28,104 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Comcast were worth $16,686,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in shares of Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares in the last quarter. Advisor OS LLC raised its holdings in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after acquiring an additional 8,841 shares during the period. Aberdeen Group plc lifted its position in shares of Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after acquiring an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after acquiring an additional 118,839 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new stake in shares of Comcast during the first quarter worth about $335,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Scotiabank reaffirmed a “sector perform” rating and set a $45.50 target price (up from $45.00) on shares of Comcast in a research note on Monday, October 6th. Royal Bank Of Canada assumed coverage on shares of Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target on the stock. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Rosenblatt Securities cut their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $39.76.

Comcast Stock Up 1.0%

Shares of NASDAQ:CMCSA opened at $29.54 on Friday. The company has a market cap of $109.07 billion, a price-to-earnings ratio of 4.88, a PEG ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $32.23 and a 200 day moving average price of $33.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Comcast Company 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.