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

Employees Retirement System of Texas cut its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,610 shares of the cable giant's stock after selling 23,609 shares during the period. Employees Retirement System of Texas' holdings in Comcast were worth $32,880,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at approximately $28,000. Finally, Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their target price 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. Finally, Barclays cut their price target on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.90.

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Comcast Trading Up 0.1 %

CMCSA traded up $0.04 during trading on Friday, hitting $33.72. 26,797,395 shares of the company's stock were exchanged, compared to its average volume of 21,735,894. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The stock has a 50 day moving average price of $35.56 and a 200 day moving average price of $38.56. The firm has a market cap of $127.50 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced 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 is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.

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.