Comcast Co. (NASDAQ:CMCSA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,908,470 shares of the cable giant’s stock after selling 13,242 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Comcast were worth $79,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its position in Comcast by 2.7% during the second quarter. Dynamic Advisor Solutions LLC now owns 91,145 shares of the cable giant’s stock valued at $3,569,000 after acquiring an additional 2,411 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its position in Comcast by 42.1% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 23,013 shares of the cable giant’s stock valued at $901,000 after acquiring an additional 6,821 shares in the last quarter. Maia Wealth LLC purchased a new position in Comcast during the second quarter valued at approximately $269,000. Diversified Trust Co raised its position in Comcast by 3.7% during the second quarter. Diversified Trust Co now owns 178,532 shares of the cable giant’s stock valued at $6,991,000 after acquiring an additional 6,321 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in Comcast by 1.0% during the second quarter. NorthCrest Asset Manangement LLC now owns 362,134 shares of the cable giant’s stock valued at $14,181,000 after acquiring an additional 3,726 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.15 on Monday. The stock’s fifty day moving average is $42.48 and its two-hundred day moving average is $40.31. The firm has a market capitalization of $165.12 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Finally, Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast 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.