Mubadala Investment Co PJSC Takes Position in Comcast Corporation $CMCSA

Key Points

• Mubadala Investment Co PJSC acquired 104,592 shares of Comcast Corporation for approximately $3.86 million, making it the company's 19th largest position.
• Comcast recently reported a quarterly earnings per share (EPS) of $1.25, beating estimates, with revenue increasing by 2.1% year-over-year.
• The company declared a quarterly dividend of $0.33, indicating an annualized dividend yield of 3.9%.

Mubadala Investment Co PJSC acquired a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 104,592 shares of the cable giant's stock, valued at approximately $3,859,000. Comcast makes up about 0.0% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter worth $26,000. Abound Financial LLC purchased a new position in Comcast in the 1st quarter worth $29,000. Retirement Wealth Solutions LLC raised 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 worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast in the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates raised its stake in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.24 during trading on Wednesday, reaching $33.89. 17,897,620 shares of the company traded hands, compared to its average volume of 24,061,604. The firm's fifty day simple moving average is $34.10 and its 200 day simple moving average is $34.72. The stock has a market cap of $125.13 billion, a P/E ratio of 5.60, a PEG ratio of 2.03 and a beta of 0.93. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share 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 business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the business posted $1.21 EPS. The company's revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. Comcast's dividend payout ratio (DPR) is 21.82%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Arete Research upgraded Comcast to a "hold" rating in a research note on Tuesday, July 8th. Morgan Stanley reduced their target price on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, August 4th. Barclays reduced their target price on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Finally, Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast has an average rating of "Hold" and a consensus target price of $40.73.

Comcast 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.