Comcast Co. (NASDAQ:CMCSA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,328 shares of the cable giant's stock after selling 24,391 shares during the quarter. Mutual of America Capital Management LLC's holdings in Comcast were worth $21,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its stake in Comcast by 8.0% in the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant's stock valued at $2,080,000 after purchasing an additional 3,553 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Comcast by 17.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 16,540 shares of the cable giant's stock valued at $717,000 after buying an additional 2,400 shares in the last quarter. Covestor Ltd grew its position in shares of Comcast by 41.6% in the 1st quarter. Covestor Ltd now owns 6,175 shares of the cable giant's stock valued at $268,000 after buying an additional 1,815 shares during the last quarter. Davis R M Inc. raised its stake in Comcast by 8.3% during the 1st quarter. Davis R M Inc. now owns 71,901 shares of the cable giant's stock worth $3,117,000 after acquiring an additional 5,502 shares in the last quarter. Finally, Lcnb Corp lifted its position in Comcast by 10.7% in the first quarter. Lcnb Corp now owns 9,514 shares of the cable giant's stock valued at $412,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Macquarie restated a "neutral" rating and issued a $40.00 price objective on shares of Comcast in a research note on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 24th. Finally, Benchmark restated a "buy" rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Comcast Price Performance

Comcast stock traded down $0.60 during midday trading on Friday, reaching $42.88. 18,344,398 shares of the company were exchanged, compared to its average volume of 19,773,458. The company has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50-day simple moving average is $41.61 and its 200-day simple moving average is $39.88. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 EPS. Comcast's revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is 33.33%.

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.