New York State Teachers Retirement System Reduces Position in Comcast Corporation (NASDAQ:CMCSA)

New York State Teachers Retirement System reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,419,666 shares of the cable giant's stock after selling 149,703 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Comcast worth $126,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Comcast by 5,262.5% in the fourth quarter. Proficio Capital Partners LLC now owns 597,864 shares of the cable giant's stock valued at $22,438,000 after acquiring an additional 586,715 shares during the period. Flputnam Investment Management Co. grew its stake in Comcast by 20.0% during the fourth quarter. Flputnam Investment Management Co. now owns 212,330 shares of the cable giant's stock valued at $7,969,000 after acquiring an additional 35,395 shares in the last quarter. SVB Wealth LLC purchased a new stake in Comcast in the 4th quarter worth approximately $6,276,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Comcast by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 74,449 shares of the cable giant's stock worth $2,794,000 after purchasing an additional 681 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.64 during mid-day trading on Tuesday, hitting $36.33. The stock had a trading volume of 22,853,945 shares, compared to its average volume of 21,976,853. The company has a 50 day moving average of $34.65 and a two-hundred day moving average of $35.55. The firm has a market cap of $135.65 billion, a PE ratio of 8.93, a PEG ratio of 1.73 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. Comcast's dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMCSA shares. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Scotiabank restated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Citigroup decreased their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Company 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.