Comcast Co. (CMCSA) Holdings Boosted by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,338,026 shares of the cable giant’s stock after buying an additional 447,981 shares during the quarter. California Public Employees Retirement System owned 0.24% of Comcast worth $386,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Lourd Capital LLC grew its holdings in Comcast by 2.4% during the fourth quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock worth $437,000 after buying an additional 295 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Comcast by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after buying an additional 296 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Comcast by 4.8% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock worth $223,000 after buying an additional 300 shares in the last quarter. Stillwater Investment Management LLC grew its holdings in Comcast by 0.5% during the fourth quarter. Stillwater Investment Management LLC now owns 66,561 shares of the cable giant’s stock worth $2,266,000 after buying an additional 330 shares in the last quarter. Finally, Aries Wealth Management grew its holdings in Comcast by 2.3% during the fourth quarter. Aries Wealth Management now owns 14,725 shares of the cable giant’s stock worth $501,000 after buying an additional 330 shares in the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA has been the subject of a number of recent analyst reports. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Credit Suisse Group restated a “buy” rating and issued a $44.00 price objective on shares of Comcast in a research note on Tuesday, January 22nd. Wolfe Research initiated coverage on Comcast in a research note on Friday, December 7th. They issued an “outperform” rating for the company. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, TD Securities upped their price objective on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.76.

Shares of NASDAQ CMCSA opened at $39.87 on Friday. Comcast Co. has a one year low of $30.43 and a one year high of $39.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. The firm 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 issued its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The firm had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 2.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio is currently 29.80%.

In other news, EVP David N. Watson sold 201,007 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the transaction, the executive vice president now owns 817,992 shares of the company’s stock, valued at approximately $31,337,273.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 5,743 shares of the company’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $36.41, for a total value of $209,102.63. Following the transaction, the executive vice president now directly owns 73,630 shares in the company, valued at approximately $2,680,868.30. The disclosure for this sale can be found here. Insiders have sold a total of 912,661 shares of company stock worth $34,195,979 in the last ninety days. 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, 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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