South Dakota Investment Council Has $27.84 Million Holdings in Comcast Corporation $CMCSA

South Dakota Investment Council increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 969,717 shares of the cable giant’s stock after purchasing an additional 36,254 shares during the quarter. Comcast accounts for about 0.5% of South Dakota Investment Council’s holdings, making the stock its 26th biggest position. South Dakota Investment Council’s holdings in Comcast were worth $27,841,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Moffett Nathanson cut their target price on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Evercore increased their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. New Street Research decreased their price target on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Finally, Morgan Stanley set a $29.00 price target on Comcast in a research note on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $24.61 on Thursday. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The stock has a market capitalization of $87.91 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $23.75 and its 200 day simple moving average is $27.17.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 3.5 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.4%. Comcast’s dividend payout ratio (DPR) is 42.72%.

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.