Public Employees Retirement System of Ohio Purchases New Position in Comcast Corporation $CMCSA

Public Employees Retirement System of Ohio purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,707,742 shares of the cable giant’s stock, valued at approximately $41,925,000.

A number of other large investors have also added to or reduced their stakes in CMCSA. Councilmark Asset Management LLC bought a new position in Comcast during the second quarter valued at $383,000. Ancora Advisors LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at about $307,000. Jones Financial Companies Lllp bought a new position in shares of Comcast in the 2nd quarter valued at about $2,000,000. Manning & Napier Advisors LLC purchased a new position in Comcast in the second quarter worth about $7,125,000. Finally, Cullen Capital Management LLC purchased a new position in Comcast in the second quarter worth about $129,801,000. Institutional investors own 84.32% of the company’s stock.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast is partnering with Tracer to build a unified operating layer for Universal Ads. Centralized tools for creating, purchasing and measuring television campaigns could improve advertiser efficiency and support AI-driven, self-service products, potentially creating new growth opportunities in advertising. Comcast Builds Unified TV Ad Platform To Expand AI Driven Advertising
• Positive Sentiment: Peacock reportedly achieved its first profit, while Comcast plans to spin off NBCUniversal and Sky. The combination could give investors a clearer view of the company’s connectivity and media assets and improve confidence in Peacock’s path toward sustainable profitability. Did Comcast’s NBCU Spin-off and Peacock Profit Just Shift Comcast’s Investment Narrative?
• Positive Sentiment: Value-focused investor Greenlight Capital added Comcast during a pullback. The purchase may reinforce the view that CMCSA’s relatively low valuation and restructuring potential offer downside protection, although the fund’s broader second-quarter results lagged the S&P 500. Greenlight Capital Added Comcast Amid Pullback
• Neutral Sentiment: Comcast will participate in Goldman Sachs and BofA Securities investor conferences on September 9–10. Management commentary could provide updates on the NBCUniversal and Sky separation, broadband trends and advertising strategy, but no new financial targets were announced. Comcast to Participate in Goldman Sachs Investor Conference Comcast to Participate in BofA Securities Investor Conference
• Negative Sentiment: The stock’s recent momentum follows a strong one-month advance despite weaker longer-term performance, raising the possibility of profit-taking. Investors also remain focused on execution risks surrounding the NBCUniversal and Sky spin-off and Comcast’s ability to sustain broadband growth while separating its media operations. What Is Behind the Latest Attention on Comcast?

Comcast Stock Down 2.9%

NASDAQ:CMCSA opened at $26.41 on Friday. The company has a market cap of $93.72 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.67. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $24.38 and a 200-day simple moving average of $26.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 earnings per share. Analysts anticipate that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMCSA shares. New Street Research cut their target price on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. UBS Group restated a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. BNP Paribas Exane dropped their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Barclays set a $26.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.96.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.