Teacher Retirement System of Texas Buys 109,110 Shares of Comcast Corporation $CMCSA

Teacher Retirement System of Texas increased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105,834 shares of the cable giant’s stock after purchasing an additional 109,110 shares during the period. Teacher Retirement System of Texas’ holdings in Comcast were worth $66,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Capital A Wealth Management LLC lifted its stake in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares in the last quarter. Global Trust Asset Management LLC lifted its position in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares in the last quarter. Avalon Trust Co boosted its stake in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the 2nd quarter worth $29,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMCSA shares. Benchmark decreased their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Sanford C. Bernstein lowered their price objective on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Loop Capital dropped their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Moffett Nathanson decreased their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Bank of America raised Comcast from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $35.53.

Comcast Price Performance

Shares of Comcast stock opened at $29.23 on Friday. Comcast Corporation has a one year low of $25.75 and a one year high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $106.51 billion, a P/E ratio of 4.86, a P/E/G ratio of 2.06 and a beta of 0.81. The stock’s fifty day moving average is $28.17 and its 200 day moving average is $30.62.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $31.20 billion during the quarter, compared to analyst estimates of $30.74 billion. During the same quarter in the prior year, the business posted $1.12 EPS. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

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.