MassMutual Private Wealth & Trust FSB Has $3.13 Million Stock Position in Comcast Corporation $CMCSA

Key Points

• MassMutual Private Wealth & Trust FSB significantly reduced its stake in Comcast Corporation by 69.0%, ending up with a position valued at approximately $3.13 million after selling 195,000 shares.
• Comcast reported a net margin of 18.44% and earnings per share of $1.25 for the last quarter, surpassing expectations with revenues of $30.31 billion.
• The company announced a quarterly dividend of $0.33, reflecting an annualized yield of 4.1%, with a dividend payout ratio of 21.82%.

MassMutual Private Wealth & Trust FSB cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 69.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,606 shares of the cable giant's stock after selling 195,000 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Comcast were worth $3,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter worth about $26,000. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the first quarter valued at approximately $29,000. Abound Financial LLC bought a new stake in Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $0.05 on Friday, reaching $31.59. 53,783,241 shares of the company's stock were exchanged, compared to its average volume of 20,704,542. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $116.64 billion, a PE ratio of 5.22, a P/E/G ratio of 1.89 and a beta of 0.93. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The stock has a fifty day moving average of $33.45 and a 200-day moving average of $34.47.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. As a group, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Citigroup reiterated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. UBS Group cut their target price on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Moffett Nathanson lifted their price objective on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, Barclays dropped their target price on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Hold" and a consensus target price of $40.56.

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.