Mutual of America Capital Management LLC Has $18.72 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Mutual of America Capital Management LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 498,834 shares of the cable giant’s stock after selling 21,494 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Comcast were worth $18,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CMCSA. AMF Tjanstepension AB lifted its position in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after acquiring an additional 132,442 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Comcast by 14.1% during the third quarter. JFS Wealth Advisors LLC now owns 19,321 shares of the cable giant’s stock worth $807,000 after acquiring an additional 2,395 shares during the last quarter. Financial Advocates Investment Management lifted its position in Comcast by 16.8% during the third quarter. Financial Advocates Investment Management now owns 12,013 shares of the cable giant’s stock worth $502,000 after acquiring an additional 1,731 shares during the last quarter. HM Payson & Co. lifted its position in Comcast by 1.5% during the third quarter. HM Payson & Co. now owns 48,401 shares of the cable giant’s stock worth $2,022,000 after acquiring an additional 704 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Comcast during the third quarter worth approximately $35,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Barclays lowered their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Performance

NASDAQ CMCSA opened at $35.90 on Friday. The firm’s fifty day moving average price is $36.32 and its two-hundred day moving average price is $39.47. The stock has a market cap of $135.72 billion, a PE ratio of 8.65, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

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.