Public Employees Retirement System of Ohio boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,439,088 shares of the cable giant’s stock after purchasing an additional 11,832 shares during the quarter. Comcast comprises approximately 0.7% of Public Employees Retirement System of Ohio’s holdings, making the stock its 25th biggest position. Public Employees Retirement System of Ohio’s holdings in Comcast were worth $132,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast during the 2nd quarter worth about $107,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC boosted its stake in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares in the last quarter. Willingdon Wealth Management purchased a new stake in shares of Comcast during the 3rd quarter worth about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Comcast during the 2nd quarter worth about $165,000. 82.15% of the stock is currently owned by institutional investors.

Comcast Co. (NASDAQ:CMCSA) opened at $38.57 on Friday. The firm has a market cap of $177,373.70, a PE ratio of 18.54, a P/E/G ratio of 1.47 and a beta of 1.04. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period last year, the company posted $0.89 EPS. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is 13.21%.

In other Comcast news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock worth $31,070,439 over the last three months. Corporate insiders own 1.28% of the company’s stock.

Several equities research analysts have recently issued reports on CMCSA shares. Morgan Stanley increased their target price on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Pivotal Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and increased their target price for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. Barclays lowered their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus target price of $47.74.

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Comcast Profile

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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