Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 811,629 shares of the cable giant's stock after selling 29,321 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Comcast were worth $30,460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.4 %

Comcast stock traded down $0.15 during trading hours on Monday, reaching $36.60. The company had a trading volume of 34,932,733 shares, compared to its average volume of 19,872,572. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a 50-day moving average price of $35.84 and a 200 day moving average price of $39.05. The firm has a market cap of $138.39 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.78 and a beta of 1.00.

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Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMCSA shares. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Macquarie reduced their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Scotiabank cut Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price for the company in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

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.