Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $30.46 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Comcast Co. (NASDAQ:CMCSA) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 811,629 shares of the cable giant’s stock after selling 29,321 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Comcast were worth $30,460,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMCSA. World Investment Advisors LLC increased its position in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Comcast during the fourth quarter worth $743,681,000. Bfsg LLC increased its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Mission Wealth Management LP increased its position in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after acquiring an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its position in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after acquiring an additional 59,107 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.09 on Thursday. The firm has a 50-day moving average of $35.84 and a 200-day moving average of $39.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $136.46 billion, a PE ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.83.

About Comcast

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.