State of Alaska Department of Revenue Has $26.18 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)
State of Alaska Department of Revenue grew its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 619,241 shares of the cable giant’s stock after purchasing an additional 15,637 shares during the period. State of Alaska Department of Revenue’s holdings in Comcast were worth $26,179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter valued at $1,590,157,000. Nordea Investment Management AB grew its stake in shares of Comcast by 67.5% during the first quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock worth $690,651,000 after purchasing an additional 6,960,677 shares during the period. Geode Capital Management LLC grew its stake in shares of Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after purchasing an additional 5,992,911 shares during the period. FMR LLC grew its stake in shares of Comcast by 3.9% during the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after purchasing an additional 4,854,006 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Comcast by 16.2% during the fourth quarter. Legal & General Group Plc now owns 24,357,046 shares of the cable giant’s stock worth $829,376,000 after purchasing an additional 3,393,163 shares during the period. 82.58% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. Barclays set a $46.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, April 26th. KeyCorp lifted their price objective on T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Rosenblatt Securities assumed coverage on Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.06.
CMCSA stock traded down $0.45 during midday trading on Monday, hitting $44.18. 434,744 shares of the company’s stock were exchanged, compared to its average volume of 15,786,246. The stock’s fifty day moving average is $43.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $202.55 billion, a P/E ratio of 17.33, a PEG ratio of 1.24 and a beta of 1.08. Comcast Co. has a one year low of $32.61 and a one year high of $45.29.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, analysts predict that Comcast Co. will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.90%. Comcast’s dividend payout ratio is presently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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