Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 204,204 shares of the cable giant's stock after selling 17,647 shares during the quarter. Maryland State Retirement & Pension System's holdings in Comcast were worth $7,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA traded up $0.25 during mid-day trading on Friday, hitting $36.75. The company had a trading volume of 54,562,009 shares, compared to its average volume of 19,809,472. The business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $39.07. 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 Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm has a market capitalization of $138.95 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.78 and a beta of 1.00.

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Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Citigroup decreased their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

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.