California State Teachers Retirement System Has $231.94 Million Stake in Comcast Co. (NASDAQ:CMCSA)

California State Teachers Retirement System lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,180,149 shares of the cable giant's stock after selling 251,180 shares during the quarter. California State Teachers Retirement System owned 0.16% of Comcast worth $231,941,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMCSA. Morse Asset Management Inc acquired a new stake in Comcast during the 3rd quarter valued at approximately $451,000. Invst LLC lifted its stake in shares of Comcast by 8.4% in the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant's stock valued at $1,664,000 after purchasing an additional 3,077 shares during the period. McIlrath & Eck LLC lifted its stake in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Comcast by 6.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock valued at $525,000 after purchasing an additional 759 shares during the period. Finally, Tudor Financial Inc. acquired a new position in shares of Comcast in the 3rd quarter valued at $1,301,000. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Performance

Comcast stock traded up $0.26 on Wednesday, reaching $34.20. 28,158,126 shares of the stock were exchanged, compared to its average volume of 21,907,020. The firm has a fifty day moving average price of $35.21 and a two-hundred day moving average price of $37.93. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $129.31 billion, a PE ratio of 8.24, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

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.