New York State Common Retirement Fund decreased its position in Comcast Co. (NASDAQ:CMCSA) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,079,362 shares of the cable giant’s stock after selling 637,400 shares during the period. Comcast accounts for about 0.7% of New York State Common Retirement Fund’s investment portfolio, making the stock its 25th biggest position. New York State Common Retirement Fund owned approximately 0.30% of Comcast worth $479,402,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acima Private Wealth LLC acquired a new position in shares of Comcast during the fourth quarter worth $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Comcast during the fourth quarter worth $30,000. Ironwood Financial llc acquired a new position in shares of Comcast during the fourth quarter worth $32,000. IMS Capital Management acquired a new position in shares of Comcast during the third quarter worth $38,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in shares of Comcast during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.
CMCSA has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Comcast in a research report on Friday, December 7th. They set an “outperform” rating on the stock. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Macquarie reissued a “hold” rating and issued a $39.00 target price on shares of Comcast in a research report on Monday, December 24th. Finally, TD Securities upped their target price on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.76.
CMCSA stock opened at $39.87 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $39.95. The stock has a market cap of $183.74 billion, a PE ratio of 15.64, a PEG ratio of 1.19 and a beta of 1.10.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 2.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.21 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 29.80%.
In other Comcast news, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the sale, the senior vice president now owns 1,005 shares in the company, valued at approximately $35,727.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 5,743 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $36.41, for a total transaction of $209,102.63. Following the sale, the executive vice president now owns 73,630 shares of the company’s stock, valued at approximately $2,680,868.30. The disclosure for this sale can be found here. Insiders sold a total of 912,661 shares of company stock worth $34,195,979 over the last ninety days. 1.31% of the stock is currently owned by corporate insiders.
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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, 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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