Public Employees Retirement Association of Colorado cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,978,280 shares of the cable giant’s stock after selling 5,954 shares during the quarter. Comcast accounts for 1.4% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 10th largest position. Public Employees Retirement Association of Colorado owned about 0.11% of Comcast worth $224,421,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its position in shares of Comcast by 25.1% in the third quarter. Gilbert & Cook Inc. now owns 10,091 shares of the cable giant’s stock worth $455,000 after purchasing an additional 2,026 shares in the last quarter. First Business Financial Services Inc. lifted its position in shares of Comcast by 2.8% in the third quarter. First Business Financial Services Inc. now owns 9,300 shares of the cable giant’s stock worth $419,000 after purchasing an additional 250 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Comcast by 61.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 29,226 shares of the cable giant’s stock worth $1,318,000 after purchasing an additional 11,169 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Comcast by 12.5% in the third quarter. Benjamin Edwards Inc. now owns 7,454 shares of the cable giant’s stock worth $336,000 after purchasing an additional 830 shares in the last quarter. Finally, Whitnell & Co. lifted its position in shares of Comcast by 48.2% in the third quarter. Whitnell & Co. now owns 2,847 shares of the cable giant’s stock worth $128,000 after purchasing an additional 926 shares in the last quarter. 82.79% of the stock is owned by institutional investors.
A number of research firms recently commented on CMCSA. ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Thursday, September 5th. Benchmark assumed coverage on Comcast in a report on Wednesday, September 25th. They set a “buy” rating and a $64.00 price objective for the company. Sanford C. Bernstein assumed coverage on Comcast in a report on Tuesday, October 15th. They set a “market perform” rating and a $50.00 price objective for the company. Finally, Pivotal Research lifted their price objective on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.52.
Shares of Comcast stock traded up $0.49 during trading on Friday, reaching $45.19. The company’s stock had a trading volume of 13,741,600 shares, compared to its average volume of 17,858,869. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $201.44 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. Comcast Co. has a one year low of $32.61 and a one year high of $47.27. The stock has a 50-day moving average price of $45.15 and a two-hundred day moving average price of $43.80.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $26.83 billion during the quarter, compared to the consensus estimate of $26.77 billion. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.84 annualized dividend and a yield of 1.86%. Comcast’s dividend payout ratio is presently 32.94%.
In related news, Director Sheldon M. Bonovitz sold 5,600 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total value of $254,632.00. Following the completion of the transaction, the director now owns 27,912 shares in the company, valued at approximately $1,269,158.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the transaction, the senior vice president now 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 sold 518,696 shares of company stock worth $23,333,254 over the last ninety days. 1.35% of the stock is currently owned by corporate insiders.
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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