California Public Employees Retirement System Has $292.99 Million Stock Holdings in Comcast Corporation $CMCSA

California Public Employees Retirement System decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,209,279 shares of the cable giant’s stock after selling 405,083 shares during the period. California Public Employees Retirement System owned 0.22% of Comcast worth $292,989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Global Trust Asset Management LLC boosted its holdings in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after buying an additional 350 shares in the last quarter. Avalon Trust Co increased its position in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the period. Ransom Advisory Ltd bought a new position in Comcast during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Moffett Nathanson lowered their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, November 4th. Williams Trading set a $40.00 price objective on Comcast in a research note on Friday, October 31st. Finally, Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.82.

Comcast Stock Up 0.4%

NASDAQ CMCSA opened at $27.31 on Friday. The business has a fifty day moving average price of $28.48 and a two-hundred day moving average price of $32.06. The stock has a market capitalization of $99.51 billion, a PE ratio of 4.54, a PEG ratio of 1.87 and a beta of 0.83. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $43.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio is 21.96%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.