Ilmarinen Mutual Pension Insurance Co Acquires 204,000 Shares of Comcast Corporation $CMCSA

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its Comcast stake by 34.1% in the fourth quarter, buying 204,000 more shares and bringing its total holdings to 802,749 shares valued at about $24 million.
• Comcast beat quarterly expectations, reporting $0.79 EPS on $31.46 billion in revenue, both ahead of analyst forecasts, while revenue rose 5.3% year over year.
• The company also announced a quarterly dividend of $0.33 per share, equal to an annualized yield of 5.2%; meanwhile, analysts currently rate the stock a consensus Hold with an average price target of $34.79.

Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 34.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 802,749 shares of the cable giant's stock after acquiring an additional 204,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Comcast were worth $23,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. increased its position in Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank increased its position in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant's stock worth $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC increased its position in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant's stock worth $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its position in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant's stock valued at $1,414,000 after purchasing an additional 15,865 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.2%

Shares of Comcast stock opened at $25.16 on Friday. The company has a market capitalization of $89.88 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 2.03 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12-month low of $24.53 and a 12-month high of $36.66. The firm's 50-day moving average price is $27.33 and its two-hundred day moving average price is $28.57.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast's dividend payout ratio is presently 25.98%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Zacks Research raised shares of Comcast from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Evercore increased their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Scotiabank increased their price objective on shares of Comcast from $34.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, April 24th. BNP Paribas Exane dropped their price objective on shares of Comcast from $26.00 to $25.00 and set an "underperform" rating on the stock in a research report on Wednesday, April 8th. Finally, Morgan Stanley increased their price objective on shares of Comcast from $31.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $34.79.

About Comcast

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.

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