17,800 Shares in Comcast Corporation $CMCSA Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,800 shares of the cable giant’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Comcast in the 2nd quarter valued at approximately $3,528,361,000. Dodge & Cox raised its stake in shares of Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after purchasing an additional 17,054,579 shares in the last quarter. First Trust Advisors LP grew its holdings in Comcast by 133.1% during the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock worth $363,580,000 after purchasing an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC lifted its position in shares of Comcast by 554.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after buying an additional 4,240,876 shares during the last quarter. Finally, State Street Corp raised its position in shares of Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.57 on Friday. The firm has a market cap of $107.75 billion, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. The company’s 50 day moving average is $28.01 and its 200-day moving average is $31.65. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $38.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s payout ratio is currently 21.96%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCSA. Evercore ISI reduced their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Williams Trading set a $40.00 price objective on Comcast in a research note on Friday, October 31st. Oppenheimer set a $38.00 price objective on Comcast in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their target price on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Finally, Citigroup lowered their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus price target of $35.92.

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.