Illinois Municipal Retirement Fund Acquires 4,042 Shares of Comcast Corporation $CMCSA

Illinois Municipal Retirement Fund lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 535,933 shares of the cable giant’s stock after acquiring an additional 4,042 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comcast were worth $19,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter worth approximately $29,000. Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the period. Finally, Legend Financial Advisors Inc. bought a new stake in Comcast in the second quarter valued at approximately $33,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CMCSA shares. Citigroup decreased their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down from $39.00) on shares of Comcast in a research note on Friday, October 31st. Loop Capital lowered their price target on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Up 0.1%

CMCSA stock opened at $27.35 on Monday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $44.63. The company has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The business’s 50 day moving average price is $30.76 and its two-hundred day moving average price is $33.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

About Comcast

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.