State of Alaska Department of Revenue Decreases Stock Position in Comcast Corporation $CMCSA

State of Alaska Department of Revenue lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 605,693 shares of the cable giant’s stock after selling 25,625 shares during the period. State of Alaska Department of Revenue’s holdings in Comcast were worth $19,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital A Wealth Management LLC boosted its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares in the last quarter. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in Comcast in the first quarter worth approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $28.21 on Friday. The firm has a 50 day moving average price of $27.99 and a 200 day moving average price of $31.11. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $102.79 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.95 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. Sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s payout ratio is presently 21.96%.

Analyst Ratings Changes

Several analysts have recently weighed in on CMCSA shares. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, November 4th. Williams Trading set a $40.00 target price on Comcast in a report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Eleven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.24.

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.