Comcast Corporation (CMCSA) Position Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.6% in the third quarter, HoldingsChannel.com reports. The firm owned 3,757,327 shares of the cable giant’s stock after purchasing an additional 93,849 shares during the quarter. Comcast comprises approximately 0.8% of Retirement Systems of Alabama’s investment portfolio, making the stock its 22nd biggest position. Retirement Systems of Alabama’s holdings in Comcast were worth $144,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Connecticut Wealth Management LLC boosted its holdings in Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. raised its position in Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after acquiring an additional 30 shares during the period. Clarius Group LLC raised its position in shares of Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares during the last quarter. GM Advisory Group Inc. raised its position in shares of Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares during the last quarter. Finally, Peoples Bank OH raised its position in shares of Comcast by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares during the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ CMCSA) opened at $40.48 on Tuesday. Comcast Corporation has a one year low of $34.78 and a one year high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market cap of $189,190.00, a PE ratio of 19.09, a PEG ratio of 1.85 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. sell-side analysts forecast that Comcast Corporation will post 2.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.

Several research analysts have weighed in on the stock. Buckingham Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Macquarie reissued a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Moffett Nathanson raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. OTR Global lowered shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Finally, Barclays lowered their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.80.

In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 593,402 shares of company stock valued at $22,961,401. Corporate insiders own 1.28% of the company’s stock.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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