Oregon Public Employees Retirement Fund Reduces Position in Comcast Corporation $CMCSA

Oregon Public Employees Retirement Fund reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,831 shares of the cable giant’s stock after selling 2,200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Comcast were worth $11,486,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Comcast in the first quarter worth approximately $940,015,000. Dodge & Cox boosted its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. Pacer Advisors Inc. grew its position in Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the last quarter. KBC Group NV increased its stake in Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMCSA shares. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Loop Capital dropped their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. UBS Group set a $43.00 price target on shares of Comcast in a research note on Friday, October 3rd. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, KeyCorp reduced their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.94.

Comcast Stock Performance

Shares of CMCSA stock opened at $29.46 on Monday. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. The company’s 50 day moving average is $32.48 and its 200 day moving average is $33.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $29.42 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share 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, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Comcast Company 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.