Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 17.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,090,103 shares of the cable giant's stock after selling 452,432 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Comcast worth $77,125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Sculati Wealth Management LLC boosted its holdings in shares of Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the period. Beck Mack & Oliver LLC raised its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp raised its position in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares in the last quarter. Cypress Wealth Services LLC raised its position in Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after purchasing an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. raised its position in shares of Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock worth $373,000 after acquiring an additional 319 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMCSA shares. Citigroup decreased their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Oppenheimer dropped their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. BNP Paribas Exane dropped their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group dropped their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, TD Cowen decreased their target price on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Comcast presently has an average rating of "Hold" and a consensus price target of $40.96.

Comcast Price Performance

Shares of Comcast stock traded up $0.10 during trading on Friday, hitting $35.93. The stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. The firm has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.73 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The business's 50-day moving average is $34.77 and its 200 day moving average is $35.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.