Strs Ohio Has $59.50 Million Holdings in Comcast Corporation $CMCSA

Strs Ohio cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,072,519 shares of the cable giant’s stock after selling 100,738 shares during the period. Strs Ohio’s holdings in Comcast were worth $59,502,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Imprint Wealth LLC acquired a new stake in shares of Comcast during the third quarter worth about $26,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast in the 4th quarter valued at approximately $27,000. Olistico Wealth LLC bought a new stake in Comcast during the 4th quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. increased its stake in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast has a strong earnings surprise track record, and recent Zacks/Yahoo analysis says its current setup could lead to another beat when it reports next quarter, which can lift investor confidence ahead of results.
• Positive Sentiment: Investors are seeing strategic optionality from Comcast’s planned separation of its media and technology businesses, including NBCUniversal and Sky, which could unlock value and sharpen the focus on the core broadband business. Comcast’s NBCUniversal Split Puts Broadband Back in Focus
• Positive Sentiment: Some commentary suggests Comcast’s cable-box viewing data could help its ad business in targeted streaming and connected TV, offering a potential way to offset decline in traditional pay TV.
• Neutral Sentiment: Goldman Sachs lowered its price target on Comcast to $26 from $29 and kept a neutral rating, signaling more cautious expectations even though the new target still implies upside from current levels.
• Neutral Sentiment: Coverage ahead of earnings highlights that investors are watching for execution on the spin-off, broadband trends, and margin pressure, keeping the stock tied to both near-term results and the breakup story.
• Negative Sentiment: Several reports note that Comcast shares have been under pressure recently because of tougher broadband competition, margin concerns, and lingering weakness in the stock’s longer-term performance.
• Negative Sentiment: There are also risks around Comcast’s data-driven advertising strategy, including viewer experience, churn, and privacy regulation, which could limit how much benefit the company gets from streaming ads.

Comcast Trading Up 0.3%

NASDAQ CMCSA opened at $23.79 on Friday. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day moving average price is $24.86 and its two-hundred day moving average price is $27.95. The stock has a market capitalization of $84.98 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.95 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the business earned $1.09 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that Comcast Corporation will post 3.5 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.5%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley raised their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and cut their price objective for the company from $34.00 to $32.00 in a research report on Tuesday. Finally, Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday. Eleven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.40.

About Comcast

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.