Utah Retirement Systems raised its position in Comcast Co. (NASDAQ:CMCSA) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 850,114 shares of the cable giant’s stock after buying an additional 3,700 shares during the period. Utah Retirement Systems’ holdings in Comcast were worth $30,103,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its holdings in Comcast by 76.7% in the 2nd quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock worth $1,096,000 after purchasing an additional 11,878 shares in the last quarter. Aviva PLC grew its position in shares of Comcast by 15.4% in the 2nd quarter. Aviva PLC now owns 3,133,344 shares of the cable giant’s stock valued at $102,805,000 after buying an additional 418,095 shares during the last quarter. CFO4Life Group LLC grew its position in shares of Comcast by 39.8% in the 2nd quarter. CFO4Life Group LLC now owns 20,857 shares of the cable giant’s stock valued at $684,000 after buying an additional 5,942 shares during the last quarter. Exchange Capital Management Inc. grew its position in shares of Comcast by 2.7% in the 2nd quarter. Exchange Capital Management Inc. now owns 115,412 shares of the cable giant’s stock valued at $3,787,000 after buying an additional 3,045 shares during the last quarter. Finally, IMA Wealth Inc. bought a new stake in shares of Comcast in the 2nd quarter valued at about $108,000. 79.99% of the stock is owned by institutional investors.
CMCSA has been the topic of a number of analyst reports. Pivotal Research reiterated a “buy” rating on shares of Comcast in a research report on Friday, August 10th. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. UBS Group lowered Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Oppenheimer reiterated a “market perform” rating and issued a $42.00 price target on shares of Comcast in a research report on Monday, September 24th. Finally, Moffett Nathanson reiterated a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, September 24th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.61.
In related news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
Shares of Comcast stock opened at $37.73 on Friday. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $175.05 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Equities research analysts expect that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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