Comcast Co. (NASDAQ:CMCSA) Holdings Decreased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,379,435 shares of the cable giant's stock after selling 64,861 shares during the period. State of Tennessee Department of Treasury's holdings in Comcast were worth $51,770,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its stake in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after acquiring an additional 229,192 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $743,681,000. Bfsg LLC raised its position in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its stake in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after buying an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. boosted its position in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after acquiring an additional 59,107 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMCSA shares. Loop Capital decreased their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.98.

Comcast Stock Up 2.1 %

NASDAQ:CMCSA traded up $0.71 on Friday, reaching $33.90. The stock had a trading volume of 29,362,236 shares, compared to its average volume of 21,915,254. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $128.18 billion, a P/E ratio of 8.17, 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. The company has a 50-day moving average of $35.40 and a 200 day moving average of $38.13.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. On average, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. Comcast's dividend payout ratio is 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.