Elo Mutual Pension Insurance Co Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Elo Mutual Pension Insurance Co trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 352,534 shares of the cable giant’s stock after selling 19,467 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Comcast were worth $13,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Artisan Partners Limited Partnership increased its position in Comcast by 4.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,353,759 shares of the cable giant’s stock valued at $125,867,000 after buying an additional 135,845 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Comcast by 7.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,525,452 shares of the cable giant’s stock worth $245,814,000 after acquiring an additional 426,874 shares during the last quarter. Korea Investment CORP raised its position in shares of Comcast by 57.3% in the 4th quarter. Korea Investment CORP now owns 2,810,878 shares of the cable giant’s stock valued at $105,492,000 after purchasing an additional 1,023,396 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in Comcast by 23.5% in the 4th quarter. Tyler Stone Wealth Management now owns 6,447 shares of the cable giant’s stock worth $242,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Heritage Wealth Advisors grew its position in Comcast by 7.9% during the 4th quarter. Heritage Wealth Advisors now owns 1,200,136 shares of the cable giant’s stock worth $45,041,000 after purchasing an additional 87,941 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 1.2 %

Shares of NASDAQ:CMCSA opened at $37.37 on Thursday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a market cap of $141.30 billion, a P/E ratio of 9.00, a PEG ratio of 1.78 and a beta of 1.00. The business has a fifty day moving average of $35.87 and a two-hundred day moving average of $39.02. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.53%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group cut their price objective on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.64.

About Comcast

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.