Comcast Co. (NASDAQ:CMCSA) Holdings Decreased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,066 shares of the cable giant’s stock after selling 10,038 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Comcast were worth $35,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Luken Investment Analytics LLC grew its holdings in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after acquiring an additional 418 shares during the period. Steph & Co. grew its holdings in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Comcast during the fourth quarter worth about $28,000. Pineridge Advisors LLC purchased a new position in Comcast in the 4th quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup decreased their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company decreased their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $48.53.

Comcast Trading Up 0.9 %

NASDAQ CMCSA traded up $0.32 on Thursday, reaching $37.75. The company had a trading volume of 18,599,244 shares, compared to its average volume of 20,397,145. The stock’s 50 day moving average is $38.51 and its 200-day moving average is $41.02. The stock has a market cap of $148.12 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.93 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.28%. Comcast’s payout ratio is presently 32.80%.

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.