Comcast Corporation $CMCSA Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,472,253 shares of the cable giant’s stock after purchasing an additional 407,947 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Comcast were worth $266,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC boosted its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth approximately $29,000. Princeton Global Asset Management LLC increased its position in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Comcast during the 2nd quarter worth approximately $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock opened at $27.35 on Friday. The firm has a market capitalization of $100.98 billion, a PE ratio of 4.55, a P/E/G ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $44.63. The firm’s 50-day simple moving average is $30.76 and its 200 day simple moving average is $33.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CMCSA shares. Moffett Nathanson upped their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Royal Bank Of Canada lowered their price target on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. KeyCorp downgraded shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Oppenheimer set a $38.00 price objective on shares of Comcast in a research note on Tuesday. Finally, Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $36.29.

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.