Virginia Retirement Systems ET AL Decreases Holdings in Comcast Co. (CMCSA)

Virginia Retirement Systems ET AL cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,425,606 shares of the cable giant’s stock after selling 30,800 shares during the quarter. Comcast accounts for about 0.6% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 29th largest holding. Virginia Retirement Systems ET AL’s holdings in Comcast were worth $50,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Thornburg Investment Management Inc. raised its stake in shares of Comcast by 1.7% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,037,092 shares of the cable giant’s stock worth $72,133,000 after purchasing an additional 34,458 shares in the last quarter. Bank of The West raised its stake in shares of Comcast by 3.1% during the 3rd quarter. Bank of The West now owns 343,858 shares of the cable giant’s stock worth $12,176,000 after purchasing an additional 10,371 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its stake in shares of Comcast by 8.1% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 75,159 shares of the cable giant’s stock worth $2,661,000 after purchasing an additional 5,602 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Comcast during the 3rd quarter worth about $563,000. Finally, Cadence Capital Management LLC raised its stake in shares of Comcast by 15.6% during the 3rd quarter. Cadence Capital Management LLC now owns 290,738 shares of the cable giant’s stock worth $10,295,000 after purchasing an additional 39,171 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Shares of CMCSA stock opened at $38.34 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The company has a market capitalization of $177.88 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.21 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. On average, research analysts forecast that Comcast Co. will post 2.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio is currently 36.89%.

A number of equities research analysts have recently weighed in on CMCSA shares. JPMorgan Chase & Co. started coverage on Comcast in a research note on Friday, October 12th. They set an “overweight” rating and a $42.00 price target for the company. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 2nd. Scotiabank set a $48.00 price target on Comcast and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Pivotal Research reaffirmed a “buy” rating and set a $48.00 price target on shares of Comcast in a research note on Thursday, September 20th. Finally, KeyCorp raised their price target on Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 26th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Comcast has a consensus rating of “Buy” and an average target price of $44.57.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of Comcast 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 of the company’s stock, valued at approximately $2,245,387.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

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Comcast Company Profile

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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