Comcast Corporation $CMCSA Stock Holdings Boosted by California Public Employees Retirement System

California Public Employees Retirement System increased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,351,906 shares of the cable giant’s stock after acquiring an additional 501,731 shares during the period. California Public Employees Retirement System’s holdings in Comcast were worth $268,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Comcast by 4.9% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after purchasing an additional 352 shares during the period. Cora Capital Advisors LLC boosted its position in shares of Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after buying an additional 362 shares during the period. Oakworth Capital Inc. boosted its position in shares of Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after buying an additional 377 shares during the period. WPG Advisers LLC grew its holdings in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after buying an additional 384 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in Comcast by 55.7% in the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after buying an additional 384 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $23.79 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $27.50. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The stock has a market cap of $84.98 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.99 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The company had revenue of $31.46 billion during 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%. Comcast’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Equities research analysts anticipate that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s dividend payout ratio is currently 25.98%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. 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 note on Thursday, June 25th. Rosenblatt Securities raised Comcast from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $31.00 in a research note on Tuesday, June 30th. BNP Paribas Exane lowered their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday. UBS Group reissued a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Finally, Moffett Nathanson cut their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.64.

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.