Oregon Public Employees Retirement Fund Increases Stock Holdings in Comcast Corporation $CMCSA

Oregon Public Employees Retirement Fund boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 421,005 shares of the cable giant’s stock after acquiring an additional 99,174 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Comcast were worth $13,228,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC boosted its stake in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the period. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC lifted its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares in the last quarter. Avalon Trust Co boosted its position in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Comcast during the first quarter valued at about $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Evercore ISI cut their price target on Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Loop Capital reduced their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Bank of America dropped their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Citigroup reduced their price objective on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $35.24.

Comcast Stock Performance

Shares of CMCSA opened at $28.37 on Friday. The stock has a market capitalization of $103.38 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The business’s fifty day moving average price is $28.00 and its 200 day moving average price is $31.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.40.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio is 21.96%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.