Comcast Corporation $CMCSA Stock: State of Alaska Department of Revenue Grows Position

State of Alaska Department of Revenue lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 597,106 shares of the cable giant’s stock after acquiring an additional 57,453 shares during the period. State of Alaska Department of Revenue’s holdings in Comcast were worth $13,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. increased its stake in Comcast by 10.0% in the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after purchasing an additional 3,952,642 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after buying an additional 3,783,234 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Comcast by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after buying an additional 507,097 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Comcast by 19.6% during the 4th quarter. Pacer Advisors Inc. now owns 15,677,870 shares of the cable giant’s stock worth $468,612,000 after buying an additional 2,573,360 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Comcast by 43.4% in the 4th quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock valued at $404,414,000 after buying an additional 4,175,418 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Morgan Stanley dropped their target price on shares of Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Rosenblatt Securities reissued a “buy” rating and issued a $31.00 price target on shares of Comcast in a research report on Friday, July 24th. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. New Street Research decreased their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.81.

Comcast Stock Performance

CMCSA traded up $0.64 during trading on Thursday, hitting $21.68. 14,593,278 shares of the stock were exchanged, compared to its average volume of 32,613,859. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 1-year low of $20.48 and a 1-year high of $32.85. The stock has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $24.91. The firm has a market capitalization of $76.95 billion, a P/E ratio of 7.01, a PEG ratio of 1.50 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, sell-side analysts predict that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 6.1%. Comcast’s dividend payout ratio is 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.