South Dakota Investment Council Has $27.84 Million Stock Position in Comcast Corporation $CMCSA

South Dakota Investment Council lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 969,717 shares of the cable giant’s stock after purchasing an additional 36,254 shares during the period. Comcast accounts for 0.5% of South Dakota Investment Council’s holdings, making the stock its 26th biggest position. South Dakota Investment Council’s holdings in Comcast were worth $27,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CMCSA. EverSource Wealth Advisors LLC increased its stake in shares of Comcast by 49.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 25,717 shares of the cable giant’s stock worth $738,000 after purchasing an additional 8,560 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Comcast by 34.2% in the 1st quarter. Empowered Funds LLC now owns 981,251 shares of the cable giant’s stock valued at $27,848,000 after purchasing an additional 249,836 shares during the period. Empyrean Capital Partners LP lifted its stake in Comcast by 54.8% in the 1st quarter. Empyrean Capital Partners LP now owns 1,345,000 shares of the cable giant’s stock valued at $38,615,000 after purchasing an additional 476,300 shares during the last quarter. KCM Investment Advisors LLC lifted its stake in Comcast by 4.0% in the 1st quarter. KCM Investment Advisors LLC now owns 23,382 shares of the cable giant’s stock valued at $671,000 after purchasing an additional 893 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Comcast by 26.5% during the first quarter. Quantinno Capital Management LP now owns 3,251,923 shares of the cable giant’s stock worth $93,363,000 after purchasing an additional 681,383 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.7%

Shares of CMCSA opened at $24.61 on Thursday. The firm has a market cap of $87.91 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The firm’s 50-day simple moving average is $23.75 and its 200 day simple moving average is $27.17.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts forecast that Comcast Corporation will post 3.5 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.4%. Comcast’s dividend payout ratio (DPR) is 42.72%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. Morgan Stanley set a $29.00 price target on Comcast in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $28.00 price objective on shares of Comcast in a research report on Monday, July 13th. Evercore lifted their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, Barclays set a $26.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.96.

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.