Oregon Public Employees Retirement Fund Has $18.79 Million Stake in Comcast Corporation (CMCSA)
Oregon Public Employees Retirement Fund boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 99.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 499,986 shares of the cable giant’s stock after buying an additional 249,393 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Comcast Corporation were worth $18,794,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CMCSA. State Street Corp raised its stake in shares of Comcast Corporation by 2.9% in the fourth quarter. State Street Corp now owns 100,948,990 shares of the cable giant’s stock valued at $6,971,605,000 after buying an additional 2,822,279 shares during the last quarter. FMR LLC raised its stake in shares of Comcast Corporation by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock valued at $3,433,960,000 after buying an additional 6,973,366 shares during the last quarter. Dodge & Cox bought a new stake in shares of Comcast Corporation during the fourth quarter valued at approximately $2,643,845,000. TCI Fund Management Ltd. raised its stake in shares of Comcast Corporation by 23.0% in the fourth quarter. TCI Fund Management Ltd. now owns 35,780,552 shares of the cable giant’s stock valued at $2,470,647,000 after buying an additional 6,688,445 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after buying an additional 12,839,117 shares during the last quarter. 82.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 41.28 on Friday. The firm has a market capitalization of $196.18 billion, a P/E ratio of 21.90 and a beta of 1.04. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The stock has a 50 day moving average price of $40.08 and a 200 day moving average price of $37.60.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $20.10 billion. During the same period in the previous year, the business earned $0.84 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts anticipate that Comcast Corporation will post $1.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be issued a $0.1575 dividend. The ex-dividend date is Friday, June 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.53%. Comcast Corporation’s dividend payout ratio (DPR) is 33.51%.
CMCSA has been the subject of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Wunderlich boosted their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Macquarie reissued a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Thursday, April 27th. SunTrust Banks, Inc. initiated coverage on shares of Comcast Corporation in a report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Pivotal Research cut their price target on shares of Comcast Corporation to $48.00 and set a “buy” rating for the company in a report on Monday, March 6th. Two investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.35.
In other Comcast Corporation news, EVP Arthur R. Block sold 20,572 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $37.05, for a total transaction of $762,192.60. Following the completion of the transaction, the executive vice president now owns 85,306 shares in the company, valued at approximately $3,160,587.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen B. Burke sold 258,380 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the transaction, the executive vice president now owns 980,498 shares of the company’s stock, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Insiders sold a total of 341,812 shares of company stock valued at $13,201,635 over the last quarter. Company insiders own 1.27% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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