Comcast Co. (NASDAQ:CMCSA) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 852,579 shares of the cable giant’s stock after selling 10,848 shares during the period. Retirement Systems of Alabama’s holdings in Comcast were worth $35,612,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fiduciary Financial Group LLC acquired a new position in shares of Comcast in the second quarter worth about $218,000. Assenagon Asset Management S.A. raised its holdings in Comcast by 1.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 156,805 shares of the cable giant’s stock worth $6,140,000 after purchasing an additional 2,226 shares during the period. Miracle Mile Advisors LLC boosted its position in Comcast by 12.5% during the second quarter. Miracle Mile Advisors LLC now owns 7,592 shares of the cable giant’s stock worth $297,000 after purchasing an additional 843 shares in the last quarter. Brookstone Capital Management grew its holdings in Comcast by 8.4% in the second quarter. Brookstone Capital Management now owns 182,633 shares of the cable giant’s stock valued at $7,413,000 after purchasing an additional 14,215 shares during the period. Finally, Everpar Advisors LLC purchased a new stake in shares of Comcast in the second quarter valued at approximately $377,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.8 %

Shares of NASDAQ CMCSA opened at $39.92 on Friday. The stock has a fifty day simple moving average of $42.31 and a 200-day simple moving average of $40.32. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $152.76 billion, a PE ratio of 10.73, a PEG ratio of 1.50 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of analysts have recently commented on CMCSA shares. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.