Mutual of America Capital Management LLC Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

Mutual of America Capital Management LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Meridian Investment Counsel Inc. increased its holdings in Comcast by 1.3% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 86,248 shares of the cable giant’s stock valued at $3,603,000 after purchasing an additional 1,079 shares in the last quarter. Coastline Trust Co increased its holdings in Comcast by 2.1% in the 3rd quarter. Coastline Trust Co now owns 60,305 shares of the cable giant’s stock valued at $2,519,000 after purchasing an additional 1,250 shares in the last quarter. Archer Investment Corp increased its holdings in Comcast by 71.7% in the 3rd quarter. Archer Investment Corp now owns 1,394 shares of the cable giant’s stock valued at $58,000 after purchasing an additional 582 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in Comcast by 1.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 88,662 shares of the cable giant’s stock valued at $3,703,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Comcast by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 800,359 shares of the cable giant’s stock valued at $33,431,000 after purchasing an additional 34,903 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.4 %

NASDAQ:CMCSA opened at $42.88 on Friday. 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 stock has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $39.88. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. Comcast’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Barclays raised their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One research 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 currently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.