Canada Post Corp Registered Pension Plan Reduces Holdings in Comcast Corporation $CMCSA

Canada Post Corp Registered Pension Plan lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 15.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 147,944 shares of the cable giant’s stock after selling 27,530 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Comcast were worth $3,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Comcast during the fourth quarter worth about $2,498,626,000. Capital World Investors lifted its stake in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after acquiring an additional 24,166,881 shares in the last quarter. Capital Research Global Investors boosted its holdings in Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after purchasing an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after purchasing an additional 10,359,800 shares during the last quarter. Finally, State Street Corp grew its stake in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 2.8%

Shares of NASDAQ CMCSA opened at $26.18 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $23.80 and its two-hundred day moving average price is $26.90. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $34.45. The stock has a market capitalization of $92.90 billion, a P/E ratio of 8.47, a PEG ratio of 1.45 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Comcast Corporation will post 3.52 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 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is 42.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMCSA shares. The Goldman Sachs Group dropped their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Barclays set a $26.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Morgan Stanley set a $29.00 price target on shares of Comcast in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and reduced their price objective for the company from $34.00 to $32.00 in a research note on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.96.

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.