UniSuper Management Pty Ltd Grows Position in Comcast Corporation $CMCSA

Key Points

• UniSuper Management Pty Ltd increased its stake in Comcast Corporation by 6.1% in the first quarter, now owning 246,917 shares valued at approximately $9.1 million.
• Comcast's stock opened at $33.91 and has a market capitalization of $125.20 billion, with a 52-week range between $31.03 and $45.31.
• The company reported earnings of $1.25 per share with revenues of $30.31 billion for the last quarter, surpassing analyst expectations.

UniSuper Management Pty Ltd grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,917 shares of the cable giant's stock after acquiring an additional 14,098 shares during the quarter. UniSuper Management Pty Ltd's holdings in Comcast were worth $9,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new stake in Comcast during the first quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of Comcast in the 1st quarter worth $29,000. Retirement Wealth Solutions LLC grew its holdings in 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 period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA stock opened at $33.91 on Monday. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $125.20 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 2.03 and a beta of 0.93. The stock's 50-day simple moving average is $34.03 and its 200-day simple moving average is $34.67.

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 company had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is 21.82%.

Analysts Set New Price Targets

Several research firms recently issued reports on CMCSA. Morgan Stanley cut their target price on Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Rothschild & Co Redburn decreased their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. UBS Group decreased their price objective on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Rosenblatt Securities boosted their price objective on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Comcast presently has an average rating of "Hold" and a consensus target price of $40.73.

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.

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