Municipal Employees Retirement System of Michigan lifted its holdings in Comcast (NASDAQ:CMCSA) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,560 shares of the cable giant’s stock after buying an additional 7,910 shares during the period. Comcast comprises approximately 0.4% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 25th biggest position. Municipal Employees Retirement System of Michigan’s holdings in Comcast were worth $8,153,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after acquiring an additional 432,491 shares in the last quarter. Geode Capital Management LLC raised its holdings in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock valued at $1,968,535,000 after buying an additional 567,282 shares in the last quarter. Capital International Investors raised its holdings in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Comcast by 2.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock valued at $1,357,097,000 after buying an additional 892,457 shares in the last quarter. Finally, Veritas Asset Management LLP raised its holdings in Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after buying an additional 1,189,200 shares in the last quarter. 83.54% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Arthur R. Block sold 2,471 shares of Comcast stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $87,967.60. Following the sale, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at $2,242,372.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 6,700 shares of Comcast stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $34.84, for a total value of $233,428.00. Following the sale, the executive vice president now directly owns 62,988 shares in the company, valued at $2,194,501.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,400,867 shares of company stock worth $52,408,044. 1.28% of the stock is currently owned by company insiders.
CMCSA has been the topic of several recent research reports. TD Securities raised their target price on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Nomura restated a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Buckingham Research raised their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 8th. Finally, BidaskClub lowered Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. Comcast presently has an average rating of “Buy” and an average target price of $46.84.
Shares of NASDAQ:CMCSA opened at $33.21 on Friday. The stock has a market capitalization of $155,498.09, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. Comcast has a 52-week low of $32.74 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. sell-side analysts predict that Comcast will post 2.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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