Public Employees Retirement Association of Colorado Has $19.24 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Public Employees Retirement Association of Colorado lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 512,600 shares of the cable giant's stock after selling 32,702 shares during the period. Public Employees Retirement Association of Colorado's holdings in Comcast were worth $19,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Shorepoint Capital Partners LLC lifted its stake in shares of Comcast by 1.5% in the 4th quarter. Shorepoint Capital Partners LLC now owns 120,101 shares of the cable giant's stock valued at $4,507,000 after purchasing an additional 1,763 shares during the period. Oxford Asset Management LLP increased its holdings in shares of Comcast by 214.1% in the fourth quarter. Oxford Asset Management LLP now owns 47,488 shares of the cable giant's stock valued at $1,782,000 after purchasing an additional 32,371 shares during the last quarter. Bolthouse Investments LLC purchased a new position in shares of Comcast during the 4th quarter worth $275,000. Capital Analysts LLC grew its stake in shares of Comcast by 7.0% in the 4th quarter. Capital Analysts LLC now owns 251,258 shares of the cable giant's stock valued at $9,430,000 after buying an additional 16,343 shares during the period. Finally, Cheviot Value Management LLC increased its stake in Comcast by 5.9% during the fourth quarter. Cheviot Value Management LLC now owns 277,307 shares of the cable giant's stock worth $10,407,000 after acquiring an additional 15,443 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CMCSA shares. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Finally, Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Up 0.8 %

Shares of Comcast stock traded up $0.26 during trading hours on Wednesday, hitting $34.20. The company's stock had a trading volume of 28,158,126 shares, compared to its average volume of 21,907,020. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The stock has a 50 day moving average of $35.21 and a 200 day moving average of $37.93. The company has a market capitalization of $129.31 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 13.09% and a return on equity of 19.98%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

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.