State of Michigan Retirement System Has $33.85 Million Stake in Comcast Corporation $CMCSA

State of Michigan Retirement System increased its position in Comcast Corporation (NASDAQ:CMCSA) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132,489 shares of the cable giant’s stock after purchasing an additional 39,100 shares during the period. State of Michigan Retirement System’s holdings in Comcast were worth $33,850,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the third quarter valued at $28,000. Olistico Wealth LLC bought a new position in shares of Comcast in the fourth quarter valued at $29,000. Richardson Financial Services Inc. grew its holdings in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $27.60 on Monday. 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 firm has a market cap of $99.30 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 2.30 and a beta of 0.80. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The firm’s 50-day simple moving average is $29.73 and its two-hundred day simple moving average is $29.06.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Comcast Corporation will post 3.44 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, April 1st. Comcast’s dividend payout ratio is 25.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Morgan Stanley boosted their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday. TD Cowen dropped their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, 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 research report on Friday. Eight equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $34.94.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Q1 results topped expectations — Comcast beat on revenue and adjusted EPS (revenue $31.46B, adj. EPS $0.79) and cited strong advertising driven by the Winter Olympics and Super Bowl, plus improving broadband net losses and record wireless additions. Comcast beats estimates
• Positive Sentiment: Advertising and content strength appears durable in Q1 (Olympics + Super Bowl) and Peacock is moving toward profitability — near‑term ad tailwinds and streaming progress support revenue upside. Ad sales spike
• Positive Sentiment: Multiple sell‑side firms raised targets or reiterated constructive ratings after the print (Citigroup, Evercore, Scotiabank, Morgan Stanley, RBC among others), signaling analyst support and potential upside from current levels. Analyst target changes
• Neutral Sentiment: Some data items are noisy: a short‑interest note in the feed shows an anomalous “0 shares / NaN” reading (likely a data glitch), so short‑interest signals aren’t meaningful from that entry.
• Neutral Sentiment: Value/valuation debate is active — several writeups argue CMCSA may offer upside on DCF and P/E metrics, keeping the stock on value investors’ watchlists. Is Comcast offering value?
• Negative Sentiment: Sector/peer weakness: Charter’s sharp post‑earnings plunge and renewed subscriber concerns for cable peers are pressuring Comcast despite its own beat — investors are repricing risk around broadband competition (fiber/fixed wireless). Charter stock plunges — why Comcast is falling too
• Negative Sentiment: Profit‑taking and heavy trading volume after an initial ~8% post‑earnings pop, plus reported insider sales and large institutional repositioning noted in datasets, likely amplified the down‑move today.
• Negative Sentiment: Operational caveat: adjusted EPS is below last year’s ($0.79 vs $1.09), and broadband still lost customers (improved but negative net adds), leaving execution risk if competition intensifies. Broadband losses improved

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.