Comcast Co. (NASDAQ:CMCSA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,149,039 shares of the cable giant’s stock after selling 3,313 shares during the period. Arizona State Retirement System’s holdings in Comcast were worth $44,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Bollard Group LLC increased its stake in Comcast by 0.7% during the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares during the last quarter. Tortoise Investment Management LLC increased its stake in Comcast by 4.5% during the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the last quarter. Verum Partners LLC increased its stake in Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares during the last quarter. L.M. Kohn & Company increased its stake in Comcast by 3.5% during the fourth quarter. L.M. Kohn & Company now owns 7,996 shares of the cable giant’s stock valued at $351,000 after purchasing an additional 270 shares during the last quarter. Finally, Mcdonald Partners LLC grew its position in shares of Comcast by 1.4% during the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Price Performance

NASDAQ CMCSA opened at $39.62 on Friday. The stock’s 50-day moving average price is $39.23 and its two-hundred day moving average price is $39.86. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market cap of $155.45 billion, a PE ratio of 10.53, a PEG ratio of 1.05 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. On average, analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. Comcast’s dividend payout ratio is 32.80%.

Comcast Company 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.