Teacher Retirement System of Texas Has $95.42 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Teacher Retirement System of Texas raised its position in Comcast Co. (NASDAQ:CMCSA) by 15.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,542,535 shares of the cable giant’s stock after purchasing an additional 346,289 shares during the period. Teacher Retirement System of Texas owned 0.07% of Comcast worth $95,421,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast during the third quarter worth $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $36.09 on Thursday. The firm has a market cap of $136.46 billion, a P/E ratio of 8.70, a PEG ratio of 1.78 and a beta of 1.00. 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. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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, research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on CMCSA shares. Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Barclays lowered their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.