Comcast Corporation $CMCSA Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 845,393 shares of the cable giant’s stock after selling 38,973 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Comcast were worth $25,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cora Capital Advisors LLC raised its stake in Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after acquiring an additional 362 shares in the last quarter. FSA Advisors Inc. raised its stake in Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after acquiring an additional 376 shares in the last quarter. Oakworth Capital Inc. raised its stake in Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after acquiring an additional 377 shares in the last quarter. WPG Advisers LLC raised its stake in Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after acquiring an additional 384 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in Comcast by 55.7% during the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after acquiring an additional 384 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CMCSA. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Citigroup lifted their price objective on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. New Street Research dropped their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Price Performance

CMCSA stock opened at $24.87 on Monday. The company has a market cap of $88.84 billion, a P/E ratio of 4.90, a P/E/G ratio of 2.00 and a beta of 0.68. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company’s 50-day moving average price is $27.26 and its 200 day moving average price is $28.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, research analysts expect that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. Comcast’s payout ratio is currently 25.98%.

Comcast 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.