Public Employees Retirement Association of Colorado trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,978,280 shares of the cable giant’s stock after selling 5,954 shares during the quarter. Comcast makes up 1.4% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 10th biggest holding. Public Employees Retirement Association of Colorado’s holdings in Comcast were worth $224,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in shares of Comcast during the 2nd quarter worth $25,000. Evolution Wealth Advisors LLC bought a new position in Comcast in the 2nd quarter worth $26,000. Mackey Komara & Dankovich LLC raised its holdings in Comcast by 52.2% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,032 shares of the cable giant’s stock worth $29,000 after purchasing an additional 354 shares during the period. Bray Capital Advisors bought a new position in Comcast in the 2nd quarter worth $30,000. Finally, Litman Gregory Asset Management LLC bought a new position in Comcast in the 2nd quarter worth $31,000. Institutional investors own 82.79% of the company’s stock.
NASDAQ:CMCSA traded up $0.49 on Friday, reaching $45.19. 13,741,600 shares of the company’s stock traded hands, compared to its average volume of 17,858,869. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The stock has a 50-day simple moving average of $45.15 and a 200-day simple moving average of $43.80. The firm has a market cap of $201.44 billion, a PE ratio of 17.72, a P/E/G ratio of 1.18 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The business had revenue of $26.83 billion during the quarter, compared to analyst estimates of $26.77 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Co. will post 3.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
In other news, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the sale, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The disclosure for this sale can be found here. Insiders have sold 518,696 shares of company stock valued at $23,333,254 in the last 90 days. Company insiders own 1.35% of the company’s stock.
A number of brokerages recently commented on CMCSA. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a report on Thursday, September 5th. Wolfe Research set a $56.00 target price on Comcast and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America set a $58.00 target price on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Cfra set a $50.00 target price on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Benchmark began coverage on Comcast in a report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $50.52.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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