Comcast Corporation $CMCSA Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 421,005 shares of the cable giant’s stock after acquiring an additional 99,174 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Comcast were worth $13,228,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after buying an additional 1,257,196 shares in the last quarter. State Street Corp boosted its position in Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after acquiring an additional 4,231,140 shares during the last quarter. Dodge & Cox boosted its position in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. Norges Bank purchased a new stake in Comcast in the 2nd quarter worth approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Comcast by 7.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after acquiring an additional 2,517,906 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. Rosenblatt Securities lowered their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. UBS Group set a $44.00 price target on Comcast in a research note on Tuesday. Williams Trading set a $40.00 price objective on shares of Comcast in a research note on Friday, October 31st. Scotiabank set a $37.50 price objective on shares of Comcast in a report on Wednesday. Finally, Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $35.24.

Comcast Stock Up 0.6%

Shares of NASDAQ:CMCSA opened at $28.37 on Friday. The stock has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $31.06. The stock has a market capitalization of $103.38 billion, a P/E ratio of 4.72, a PEG ratio of 1.97 and a beta of 0.81. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. 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 posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion for the quarter. Equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current 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 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Comcast Profile

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.