iA Global Asset Management Inc. Decreases Position in Comcast Corporation $CMCSA

iA Global Asset Management Inc. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 552,453 shares of the cable giant’s stock after selling 16,459 shares during the quarter. iA Global Asset Management Inc.’s holdings in Comcast were worth $19,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Nuveen LLC purchased a new stake in shares of Comcast in the first quarter valued at $940,015,000. Dodge & Cox lifted its position in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after acquiring an additional 4,128,434 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after acquiring an additional 4,096,382 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMCSA shares. Sanford C. Bernstein reduced their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Arete reduced their price objective on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Barclays reduced their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Citigroup dropped their target price on Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Friday. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.74.

Comcast Stock Performance

Comcast stock opened at $27.83 on Friday. The firm has a market capitalization of $102.75 billion, a P/E ratio of 4.63, a PEG ratio of 1.65 and a beta of 0.94. The stock has a fifty day moving average price of $31.40 and a 200 day moving average price of $33.32. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $45.31. The company has a current ratio of 0.88, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. 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.