Strs Ohio Acquires 79,351 Shares of Comcast Corporation $CMCSA

Strs Ohio raised its position in Comcast Corporation (NASDAQ:CMCSA) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,950,971 shares of the cable giant’s stock after acquiring an additional 79,351 shares during the period. Strs Ohio owned about 0.05% of Comcast worth $69,630,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC raised its holdings in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC bought a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd bought a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC lifted its position in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 2.6%

NASDAQ CMCSA opened at $28.53 on Thursday. The stock has a fifty day moving average of $31.65 and a 200-day moving average of $33.41. The stock has a market capitalization of $105.34 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 52 week low of $28.46 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its 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 18.86% and a net margin of 18.44%. On average, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on CMCSA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Benchmark restated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Royal Bank Of Canada initiated coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.52.

Comcast Profile

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.