Comcast Corporation $CMCSA Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 522,747 shares of the cable giant’s stock after purchasing an additional 38,094 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comcast were worth $15,008,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Comcast by 4.9% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after buying an additional 352 shares during the period. Cora Capital Advisors LLC grew its holdings in Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after acquiring an additional 362 shares during the period. Oakworth Capital Inc. grew its holdings in Comcast by 7.4% during the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after acquiring an additional 377 shares during the period. WPG Advisers LLC raised its position in Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after acquiring an additional 384 shares in the last quarter. Finally, Addison Advisors LLC raised its position in Comcast by 55.7% in the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after acquiring an additional 384 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast has recently shown relative strength versus the broader market, with one report noting the shares outperformed in the latest session and closed higher, suggesting some investors are still buying the dip ahead of earnings.
• Neutral Sentiment: The company is set to report earnings on Thursday, and analysts are framing the release as a key test of whether Comcast can beat expectations amid signs of declining earnings. Analysts Estimate Comcast (CMCSA) to Report a Decline in Earnings: What to Look Out for
• Neutral Sentiment: Scotiabank lowered its price target on Comcast to $32.75 from $36 while keeping a sector perform rating, signaling reduced upside expectations rather than a major change in outlook.
• Neutral Sentiment: Wells Fargo also trimmed its price target to $28 from $29 and maintained an Underweight rating, reinforcing a cautious stance on the stock.
• Negative Sentiment: Comcast agreed to a $117.5 million settlement related to the Xfinity data breach, adding legal, reputational, and cybersecurity overhang ahead of earnings.

Comcast Trading Up 2.6%

NASDAQ:CMCSA opened at $24.10 on Friday. The stock has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $27.53. The firm has a market capitalization of $86.09 billion, a price-to-earnings ratio of 4.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.01. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Dividend Announcement

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

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Evercore raised their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup dropped their target price on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Rosenblatt Securities upgraded shares of Comcast from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $31.00 in a report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.64.

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.