Ilmarinen Mutual Pension Insurance Co Purchases 204,000 Shares of Comcast Corporation $CMCSA

Ilmarinen Mutual Pension Insurance Co grew its position in Comcast Corporation (NASDAQ:CMCSA) by 34.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 802,749 shares of the cable giant’s stock after acquiring an additional 204,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Comcast were worth $23,994,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. CFS Investment Advisory Services LLC lifted its stake in shares of Comcast by 16.1% in the 4th quarter. CFS Investment Advisory Services LLC now owns 23,993 shares of the cable giant’s stock valued at $717,000 after acquiring an additional 3,333 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of Comcast by 35.7% in the 4th quarter. Baker Avenue Asset Management LP now owns 16,935 shares of the cable giant’s stock valued at $506,000 after acquiring an additional 4,457 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of Comcast in the 4th quarter valued at $36,000. IFG Advisory LLC lifted its stake in shares of Comcast by 6.1% in the 4th quarter. IFG Advisory LLC now owns 122,501 shares of the cable giant’s stock valued at $3,662,000 after acquiring an additional 7,087 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Comcast in the 4th quarter valued at $206,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $25.16 on Friday. The firm has a market capitalization of $89.88 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. The firm has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $28.57. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12 month low of $24.53 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio is presently 25.98%.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. UBS Group cut their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada lifted their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.79.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.