Strs Ohio Has $69.68 Million Holdings in Comcast Corporation $CMCSA

Strs Ohio lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,217,570 shares of the cable giant’s stock after purchasing an additional 266,599 shares during the period. Strs Ohio’s holdings in Comcast were worth $69,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC grew 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 acquiring an additional 436 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Avalon Trust Co boosted its position in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Comcast during the second quarter worth $29,000. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $29.23 on Friday. The firm has a market cap of $106.51 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The business’s 50 day moving average price is $28.17 and its two-hundred day moving average price is $30.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The company had revenue of $31.20 billion during the quarter, compared to analyst estimates of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. On average, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Rosenblatt Securities lowered their target price on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, December 1st. Daiwa Capital Markets cut their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Loop Capital lowered their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Eleven research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.53.

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.