New York State Teachers Retirement System Reduces Holdings in Comcast Corporation $CMCSA

New York State Teachers Retirement System trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,388,409 shares of the cable giant’s stock after selling 31,575 shares during the period. New York State Teachers Retirement System’s holdings in Comcast were worth $106,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Foster Group Inc. increased its position in shares of Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC increased its holdings in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the last quarter. Webster Bank N. A. raised its position in shares of Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares in the last quarter. Cape Investment Advisory Inc. grew its position in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after buying an additional 307 shares in the last quarter. Finally, Coign Capital Advisors LLC increased its stake in shares of Comcast by 2.1% in the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $28.37 on Friday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.40. 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 stock has a fifty day moving average price of $28.00 and a 200 day moving average price of $31.03. The company has a market cap of $103.38 billion, a P/E ratio of 4.72, a PEG ratio of 1.98 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Daiwa Capital Markets decreased their price objective on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Arete Research set a $23.00 price target on Comcast in a research note on Tuesday. Loop Capital cut their price objective on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.24.

Comcast 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.