Public Employees Retirement Association of Colorado lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,420,999 shares of the cable giant’s stock after selling 47,665 shares during the quarter. Comcast comprises about 1.2% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 11th largest position. Public Employees Retirement Association of Colorado owned 0.09% of Comcast worth $170,120,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Biegel & Waller LLC bought a new position in Comcast during the 2nd quarter worth about $432,000. Penobscot Investment Management Company Inc. grew its holdings in Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after acquiring an additional 2,828 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Comcast by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after acquiring an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors grew its holdings in Comcast by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after acquiring an additional 13,003 shares in the last quarter. 82.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corporation (CMCSA) opened at $42.44 on Friday. Comcast Corporation has a 12 month low of $34.78 and a 12 month high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $198,350.00, a P/E ratio of 20.02, a P/E/G ratio of 1.88 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the firm posted $0.92 EPS. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.
CMCSA has been the topic of several recent research reports. Pivotal Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Barclays lowered their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird restated a “buy” rating and issued a $43.00 price target on shares of Comcast in a report on Friday, November 17th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.15.
In other news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock valued at $22,961,401 over the last three months. 1.28% of the stock is currently owned by insiders.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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