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

Elo Mutual Pension Insurance Co grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 31.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 332,355 shares of the cable giant’s stock after acquiring an additional 79,013 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Comcast were worth $10,443,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co raised its stake 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. Howard Hughes Medical Institute purchased a new stake in Comcast in the second quarter valued at $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast in the 2nd quarter valued at about $31,000. Finally, Corsicana & Co. acquired a new stake in shares of Comcast in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMCSA. Sanford C. Bernstein decreased their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. UBS Group decreased their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Benchmark dropped their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. TD Cowen reduced their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Ten 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 stock. According to MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.87.

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.32% of the stock is owned by corporate insiders.

Comcast Stock Up 0.4%

CMCSA stock opened at $30.96 on Monday. The stock has a market capitalization of $111.39 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. The company has a fifty day moving average of $29.86 and a 200-day moving average of $30.01. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s 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.