Mizuho Securities USA LLC Sells 59,785 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Mizuho Securities USA LLC reduced its stake in Comcast Corporation by 16.5%, selling 59,785 shares to hold 301,989 shares valued at approximately $11.14 million.
• Comcast's earnings report revealed an EPS of $1.25, beating estimates, with a quarterly revenue of $30.31 billion, up 2.1% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, reflecting an annual yield of 4.2%, to be paid on October 22nd.

Mizuho Securities USA LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,989 shares of the cable giant's stock after selling 59,785 shares during the quarter. Mizuho Securities USA LLC's holdings in Comcast were worth $11,143,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the first quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the first quarter valued at $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the fourth quarter valued at $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CMCSA. Benchmark reissued a "buy" rating on shares of Comcast in a research note on Friday, July 18th. KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. BNP Paribas Exane cut their price target on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group cut their price target on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Rothschild & Co Redburn cut their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.73.

Comcast Trading Up 2.2%

Shares of Comcast stock traded up $0.69 during trading on Tuesday, reaching $32.10. 19,947,562 shares of the company were exchanged, compared to its average volume of 24,441,650. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The business has a 50-day moving average price of $34.49 and a 200-day moving average price of $34.88. The firm has a market capitalization of $118.52 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 1.90 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

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.