Illinois Municipal Retirement Fund Increases Stock Holdings in Comcast Corporation $CMCSA

Illinois Municipal Retirement Fund lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 554,948 shares of the cable giant’s stock after acquiring an additional 19,015 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comcast were worth $17,436,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% in the second 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 in the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Comcast in the 2nd quarter valued at about $29,000. Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Comcast during the 2nd quarter worth approximately $31,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. BNP Paribas Exane reiterated a “neutral” rating on shares of Comcast in a research note on Tuesday, January 27th. UBS Group dropped their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, Daiwa Securities Group decreased their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Ten research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $34.90.

Comcast Trading Up 0.5%

Shares of Comcast stock opened at $32.47 on Thursday. The firm has a market cap of $118.32 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.97. The company’s 50-day simple moving average is $29.10 and its 200-day simple moving average is $30.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is currently 24.58%.

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.