OMERS ADMINISTRATION Corp Sells 21,434 Shares of Comcast Corporation $CMCSA

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Comcast Corporation by 11.9%, resulting in ownership of 158,678 shares valued at approximately $5.85 million after selling 21,434 shares in the first quarter.
• Comcast reported a quarterly EPS of $1.25, exceeding analysts' expectations of $1.18 and showing a 2.1% increase in revenue year-over-year, totaling $30.31 billion.
• The company is set to pay a quarterly dividend of $0.33 per share on October 22nd, resulting in an annual yield of 3.9%.

OMERS ADMINISTRATION Corp cut its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,678 shares of the cable giant's stock after selling 21,434 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Comcast were worth $5,855,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in Comcast during the first quarter worth about $62,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Comcast by 26.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 318,891 shares of the cable giant's stock worth $11,767,000 after acquiring an additional 65,962 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of Comcast by 9.4% in the 1st quarter. Transamerica Financial Advisors LLC now owns 25,560 shares of the cable giant's stock worth $944,000 after acquiring an additional 2,197 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Comcast by 43.1% in the 1st quarter. Ieq Capital LLC now owns 561,436 shares of the cable giant's stock worth $20,717,000 after acquiring an additional 169,107 shares in the last quarter. Finally, Potomac Fund Management Inc. ADV raised its position in Comcast by 15.0% in the 1st quarter. Potomac Fund Management Inc. ADV now owns 44,968 shares of the cable giant's stock worth $1,511,000 after purchasing an additional 5,876 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup restated a "buy" rating on shares of Comcast in a research report on Tuesday, August 26th. Morgan Stanley decreased their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Barclays decreased their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. UBS Group decreased their price objective on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, Moffett Nathanson raised their target price on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Comcast presently has an average rating of "Hold" and an average target price of $40.73.

Comcast Stock Performance

CMCSA stock traded up $0.16 during trading hours on Tuesday, hitting $34.13. 12,764,956 shares of the stock were exchanged, compared to its average volume of 24,050,537. 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 Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The company has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $34.73. The firm has a market capitalization of $126.01 billion, a P/E ratio of 5.63, a P/E/G ratio of 2.03 and a beta of 0.93.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results 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 net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post 4.33 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, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is 21.82%.

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.