State of New Jersey Common Pension Fund D cut its position in Comcast Co. (NASDAQ:CMCSA) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,100,000 shares of the cable giant’s stock after selling 450,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Comcast worth $145,181,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CMCSA. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Comcast by 108.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock valued at $1,158,311,000 after purchasing an additional 17,663,290 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Comcast by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock valued at $4,864,907,000 after buying an additional 12,823,994 shares during the last quarter. FMR LLC grew its position in shares of Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after buying an additional 7,812,415 shares during the last quarter. Bank of Montreal Can grew its position in shares of Comcast by 43.9% in the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock valued at $800,167,000 after buying an additional 6,893,674 shares during the last quarter. Finally, Natixis purchased a new position in shares of Comcast in the 2nd quarter valued at $147,520,000. 80.15% of the stock is currently owned by institutional investors.
In other news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
CMCSA has been the topic of a number of recent analyst reports. Pivotal Research reaffirmed a “buy” rating and issued a $48.00 target price on shares of Comcast in a research report on Thursday, September 20th. TD Securities dropped their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Oppenheimer reaffirmed a “market perform” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, September 24th. UBS Group downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Finally, Credit Suisse Group initiated coverage on shares of Comcast in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.85.
NASDAQ:CMCSA traded up $0.89 during trading hours on Monday, reaching $35.51. 1,004,710 shares of the company’s stock were exchanged, compared to its average volume of 25,329,504. The stock has a market cap of $164.46 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. Comcast’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Sell-side analysts expect that Comcast Co. will post 2.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is currently 36.89%.
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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