Teacher Retirement System of Texas Has $95.42 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Teacher Retirement System of Texas raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,542,535 shares of the cable giant's stock after buying an additional 346,289 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Comcast worth $95,421,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC increased its stake in Comcast by 269.9% in 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. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC purchased a new stake in Comcast during the fourth quarter valued at about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.4 %

NASDAQ CMCSA traded down $0.15 during trading on Monday, hitting $36.60. 34,932,733 shares of the company traded hands, compared to its average volume of 19,872,572. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The business has a fifty day simple moving average of $35.83 and a 200 day simple moving average of $39.08. The company has a market capitalization of $138.39 billion, a P/E ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Increases Dividend

The company also recently announced 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. 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.61%. Comcast's dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target 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. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Nine 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 has a consensus rating of "Moderate Buy" and an average price target of $43.83.

About Comcast

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.