Illinois Municipal Retirement Fund Grows Stake in Comcast Corporation $CMCSA

Illinois Municipal Retirement Fund grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 535,933 shares of the cable giant’s stock after acquiring an additional 4,042 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comcast were worth $19,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CMCSA. Dodge & Cox increased its stake in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Comcast by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after buying an additional 490,923 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen LLC bought a new position in Comcast during the 1st quarter valued at about $940,015,000. Finally, Harris Associates L P boosted its holdings in shares of Comcast by 0.5% during the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after acquiring an additional 111,662 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CMCSA. Oppenheimer set a $38.00 target price on shares of Comcast in a report on Tuesday, November 4th. Rosenblatt Securities cut their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, Scotiabank lowered their price objective on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Up 0.1%

Shares of CMCSA stock opened at $27.35 on Monday. The company has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $30.76 and its 200-day moving average price is $33.08. Comcast Corporation has a one year low of $25.75 and a one year high of $44.63.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Comcast 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.