Comcast Corporation $CMCSA Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 786,922 shares of the cable giant’s stock after selling 48,970 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Comcast were worth $19,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CMCSA. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter valued at about $2,498,626,000. Capital World Investors increased its position in Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares during the period. Capital Research Global Investors increased its position in Comcast by 65.1% during the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock worth $1,663,825,000 after buying an additional 21,958,603 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake 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 buying an additional 10,359,800 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and cut their target price for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Scotiabank set a $29.00 price objective on shares of Comcast in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $28.00 target price on shares of Comcast in a report on Monday, July 13th. Evercore increased their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $32.96.

Comcast Trading Up 0.0%

Shares of CMCSA opened at $26.19 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $23.85 and a 200-day simple moving average of $26.89. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45. The stock has a market cap of $92.94 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.Comcast’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts forecast that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.0%. Comcast’s payout ratio is 42.72%.

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.