Illinois Municipal Retirement Fund Has $15.01 Million Stock Holdings in Comcast Corporation $CMCSA

Illinois Municipal Retirement Fund increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,747 shares of the cable giant’s stock after buying an additional 38,094 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comcast were worth $15,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. State Street Corp grew its stake in Comcast by 3.4% during the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock valued at $5,583,604,000 after acquiring an additional 6,117,946 shares in the last quarter. Capital World Investors increased its holdings in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox increased its holdings in shares of Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after purchasing an additional 399,596 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 2.6%

Shares of NASDAQ CMCSA opened at $24.10 on Friday. The stock has a market cap of $86.09 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 1.94 and a beta of 0.67. The business has a 50 day simple moving average of $24.04 and a 200 day simple moving average of $27.53. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.01. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. On average, research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. Comcast’s dividend payout ratio is 25.98%.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast has recently shown relative strength versus the broader market, with one report noting the shares outperformed in the latest session and closed higher, suggesting some investors are still buying the dip ahead of earnings.
• Neutral Sentiment: The company is set to report earnings on Thursday, and analysts are framing the release as a key test of whether Comcast can beat expectations amid signs of declining earnings. Analysts Estimate Comcast (CMCSA) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 while keeping a sector perform rating, signaling reduced upside expectations rather than a major change in outlook.
• Neutral Sentiment: Wells Fargo also trimmed its price target to $28 from $29 and maintained an Underweight rating, reinforcing a cautious stance on the stock.
• Negative Sentiment: Comcast agreed to a $117.5 million settlement related to the Xfinity data breach, adding legal, reputational, and cybersecurity overhang ahead of earnings.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. Evercore boosted their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. BNP Paribas Exane decreased their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Comcast from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $33.64.

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.