Teacher Retirement System of Texas Has $77.13 Million Holdings in Comcast Corporation (NASDAQ:CMCSA)

Teacher Retirement System of Texas decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,090,103 shares of the cable giant’s stock after selling 452,432 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Comcast worth $77,125,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Comcast during the 4th quarter worth $743,681,000. Aviva PLC grew its position in Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock valued at $87,359,000 after purchasing an additional 156,986 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after purchasing an additional 1,261,278 shares during the last quarter. Finally, Argentarii LLC bought a new position in Comcast in the fourth quarter valued at approximately $769,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.80.

Comcast Stock Performance

CMCSA stock opened at $35.83 on Thursday. The firm has a market cap of $133.78 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95. The stock has a 50-day moving average price of $34.72 and a 200-day moving average price of $35.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

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.