31,879 Shares in Comcast Corporation $CMCSA Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,879 shares of the cable giant’s stock, valued at approximately $953,000.

Several other hedge funds have also recently modified their holdings of CMCSA. Vanguard Group Inc. lifted its stake in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. State Street Corp boosted its holdings in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Dodge & Cox boosted its holdings in shares of Comcast by 1.2% during the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after purchasing an additional 1,465,428 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth approximately $2,498,626,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 2.1%

Shares of NASDAQ CMCSA opened at $23.82 on Friday. The company has a 50 day simple moving average of $26.77 and a 200-day simple moving average of $28.42. The company has a market capitalization of $85.09 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.94 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a 1 year low of $23.13 and a 1 year high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. On average, equities research analysts predict that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Rosenblatt Securities lowered their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $34.56.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.