Comcast Corporation $CMCSA Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 22.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,071,684 shares of the cable giant’s stock after selling 310,507 shares during the period. Mediolanum International Funds Ltd’s holdings in Comcast were worth $30,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Paces Ferry Wealth Advisors LLC purchased a new stake in shares of Comcast during the 1st quarter valued at approximately $280,000. Aviance Capital Partners LLC grew its position in Comcast by 29.2% in the first quarter. Aviance Capital Partners LLC now owns 87,072 shares of the cable giant’s stock worth $2,500,000 after acquiring an additional 19,655 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in Comcast by 5.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 22,822 shares of the cable giant’s stock worth $655,000 after acquiring an additional 1,145 shares during the period. California Public Employees Retirement System increased its stake in Comcast by 5.7% during the first quarter. California Public Employees Retirement System now owns 9,351,906 shares of the cable giant’s stock worth $268,493,000 after acquiring an additional 501,731 shares during the last quarter. Finally, Heartland Bank & Trust Co acquired a new stake in Comcast during the first quarter worth $446,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.3%

NASDAQ:CMCSA opened at $23.79 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $24.00 and its two-hundred day moving average is $27.50. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.01. The stock has a market capitalization of $84.98 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. Research analysts anticipate that Comcast Corporation will post 3.48 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CMCSA shares. Evercore lifted their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group reduced their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Scotiabank decreased their target price on shares of Comcast from $36.00 to $32.75 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.64.

Comcast Company Profile

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.