MetLife Investment Management LLC Sells 29,892 Shares of Comcast Co. (NASDAQ:CMCSA)

MetLife Investment Management LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,271 shares of the cable giant’s stock after selling 29,892 shares during the quarter. MetLife Investment Management LLC’s holdings in Comcast were worth $43,847,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Norges Bank acquired a new position in Comcast in the 4th quarter valued at about $1,798,173,000. Moneta Group Investment Advisors LLC lifted its stake in Comcast by 121,265.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after purchasing an additional 25,509,390 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Comcast by 90,788.3% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,660,069 shares of the cable giant’s stock valued at $318,276,000 after acquiring an additional 7,651,641 shares during the period. Morgan Stanley increased its position in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after buying an additional 7,084,451 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Comcast during the second quarter worth $360,204,000. 82.85% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.6 %

Shares of NASDAQ:CMCSA traded up $0.25 on Monday, hitting $42.67. The company had a trading volume of 3,283,554 shares, compared to its average volume of 18,725,154. The firm’s 50-day simple moving average is $43.43 and its two-hundred day simple moving average is $42.88. Comcast Co. has a 1 year low of $33.78 and a 1 year high of $47.46. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $171.75 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.05 and a beta of 1.06.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $1.08 EPS for the quarter, topping the consensus estimate of $0.94 by $0.14. Comcast had a net margin of 12.54% and a return on equity of 19.97%. The firm had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.69 billion. During the same period last year, the company posted $0.96 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 3.92 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.29 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.72%. Comcast’s dividend payout ratio is 32.13%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. Argus raised their price target on shares of Comcast from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. TD Cowen lifted their price objective on shares of Comcast from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Oppenheimer lifted their price objective on shares of Comcast from $48.00 to $55.00 in a research report on Friday, July 28th. Morgan Stanley boosted their price target on shares of Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, July 24th. Finally, Wolfe Research raised shares of Comcast from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.43.

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, advertising sales, and Sky channels.