Comcast Corporation $CMCSA Stock Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 597,106 shares of the cable giant’s stock after buying an additional 57,453 shares during the quarter. State of Alaska Department of Revenue’s holdings in Comcast were worth $13,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock worth $1,295,200,000 after buying an additional 3,952,642 shares in the last quarter. Bank of America Corp DE boosted its position in Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after buying an additional 3,783,234 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after acquiring an additional 507,097 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Comcast by 19.6% in the fourth quarter. Pacer Advisors Inc. now owns 15,677,870 shares of the cable giant’s stock worth $468,612,000 after acquiring an additional 2,573,360 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Comcast by 43.4% during the fourth quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock worth $404,414,000 after acquiring an additional 4,175,418 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 3.0%

NASDAQ CMCSA traded up $0.64 on Thursday, hitting $21.68. 14,593,278 shares of the stock were exchanged, compared to its average volume of 32,613,859. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $32.85. The company has a market cap of $76.95 billion, a PE ratio of 7.01, a PEG ratio of 1.50 and a beta of 0.68. The company has a 50-day moving average price of $24.28 and a 200-day moving average price of $24.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 3.49 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.1%. Comcast’s payout ratio is presently 42.72%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank reduced their price objective on Comcast from $29.00 to $27.50 and set a “sector perform” rating on the stock in a research note on Friday, October 2nd. UBS Group reissued a “neutral” rating and set a $27.00 target price (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Raymond James Financial restated a “market perform” rating on shares of Comcast in a report on Friday, October 2nd. Citigroup cut their price target on Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, KeyCorp lowered Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a research report on Thursday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Comcast has an average rating of “Hold” and an average target price of $30.81.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.