Retirement Systems of Alabama cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,512,144 shares of the cable giant’s stock after selling 6,400 shares during the period. Comcast comprises about 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 28th largest position. Retirement Systems of Alabama’s holdings in Comcast were worth $119,589,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Comcast by 1.0% in the 3rd quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock worth $11,278,785,000 after buying an additional 3,046,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Comcast by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock worth $5,315,234,000 after buying an additional 1,830,315 shares in the last quarter. Dodge & Cox increased its holdings in Comcast by 0.4% in the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock worth $4,692,759,000 after buying an additional 509,730 shares in the last quarter. FMR LLC increased its holdings in Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after buying an additional 11,459,543 shares in the last quarter. Finally, Capital International Investors increased its holdings in Comcast by 363.4% in the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after buying an additional 96,201,446 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.
Shares of CMCSA stock traded down $0.24 during trading hours on Thursday, reaching $35.82. 12,552,268 shares of the company traded hands, compared to its average volume of 21,871,998. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $44.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The stock has a market cap of $166.32 billion, a P/E ratio of 17.39, a PEG ratio of 1.03 and a beta of 0.98.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The firm had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. On average, equities research analysts expect that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be issued a $0.19 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%. Comcast’s dividend payout ratio is presently 36.89%.
In related news, EVP Arthur R. Block sold 4,129 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $33.80, for a total value of $139,560.20. Following the transaction, the executive vice president now directly owns 67,912 shares of the company’s stock, valued at approximately $2,295,425.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 7,636 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $37.04, for a total value of $282,837.44. Following the completion of the transaction, the director now directly owns 33,603 shares in the company, valued at $1,244,655.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,508 shares of company stock worth $631,500. 1.31% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 17th. Morgan Stanley assumed coverage on Comcast in a research note on Thursday, November 8th. They set an “overweight” rating and a $46.00 price target for the company. Scotiabank set a $48.00 price target on Comcast and gave the company a “buy” rating in a research note on Wednesday, October 31st. Barclays assumed coverage on Comcast in a research note on Tuesday, November 13th. They set an “overweight” rating and a $44.00 price target for the company. Finally, Oppenheimer restated a “market perform” rating and set a $42.00 price target on shares of Comcast in a research note on Monday, September 24th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.42.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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