Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,507 Shares of Comcast Co. (NASDAQ:CMCSA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 869,865 shares of the cable giant’s stock after selling 9,507 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Comcast were worth $37,709,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMCSA. Luken Investment Analytics LLC increased its stake in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. increased its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the 4th quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in shares of Comcast during the 4th quarter worth approximately $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in shares of Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.7 %

CMCSA stock traded up $0.67 during trading on Tuesday, hitting $39.61. 18,540,550 shares of the company traded hands, compared to its average volume of 20,346,434. The firm has a market capitalization of $155.41 billion, a PE ratio of 10.48, a P/E/G ratio of 0.96 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a 50-day moving average of $38.52 and a 200-day moving average of $40.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. Analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer restated an “outperform” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.53.

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.