Oregon Public Employees Retirement Fund Cuts Stake in Comcast Corporation $CMCSA

Oregon Public Employees Retirement Fund lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 321,831 shares of the cable giant’s stock after selling 2,200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Comcast were worth $11,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox raised its stake in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after acquiring an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new position in shares of Comcast during the first quarter valued at about $940,015,000. Harris Associates L P raised its position in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after purchasing an additional 427,705 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.46 on Monday. The firm has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a PEG ratio of 1.74 and a beta of 0.94. The stock has a 50-day simple moving average of $32.48 and a two-hundred day simple moving average of $33.90. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. KeyCorp dropped their price objective on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Barclays reduced their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $39.94.

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.