Comcast Corporation $CMCSA Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 552,453 shares of the cable giant’s stock after selling 16,459 shares during the period. iA Global Asset Management Inc.’s holdings in Comcast were worth $19,717,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CMCSA. Cranbrook Wealth Management LLC increased 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 purchasing an additional 350 shares during the period. Global Trust Asset Management LLC increased its holdings in shares of Comcast by 906.8% in the second 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 during the period. Abound Financial LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $29,000. Ransom Advisory Ltd acquired a new position in shares of Comcast in the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.9%

Shares of CMCSA stock opened at $27.83 on Friday. The business’s fifty day moving average price is $31.40 and its 200 day moving average price is $33.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.91. The firm has a market capitalization of $102.75 billion, a PE ratio of 4.63, a P/E/G ratio of 1.65 and a beta of 0.94. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is presently 21.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CMCSA shares. Morgan Stanley dropped their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group set a $34.00 target price on Comcast in a report on Friday. Citigroup dropped their price objective on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Finally, Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.74.

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.