Public Employees Retirement System of Ohio Invests $41.92 Million in Comcast Corporation $CMCSA

Public Employees Retirement System of Ohio purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,707,742 shares of the cable giant’s stock, valued at approximately $41,925,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $26,000. Allied Private Wealth LLC bought a new position in shares of Comcast during the second quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC increased its holdings in Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the period. Finally, Main Street Group LTD purchased a new position in Comcast during the first quarter valued at approximately $27,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 2.9%

NASDAQ:CMCSA opened at $26.41 on Friday. The stock has a market capitalization of $93.72 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.55 and a beta of 0.67. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average of $24.38 and a 200 day moving average of $26.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.52 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, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and reduced their price target for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. BNP Paribas Exane decreased their price objective on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.96.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast is partnering with Tracer to build a unified operating layer for Universal Ads. Centralized tools for creating, purchasing and measuring television campaigns could improve advertiser efficiency and support AI-driven, self-service products, potentially creating new growth opportunities in advertising. Comcast Builds Unified TV Ad Platform To Expand AI Driven Advertising
• Positive Sentiment: Peacock reportedly achieved its first profit, while Comcast plans to spin off NBCUniversal and Sky. The combination could give investors a clearer view of the company’s connectivity and media assets and improve confidence in Peacock’s path toward sustainable profitability. Did Comcast’s NBCU Spin-off and Peacock Profit Just Shift Comcast’s Investment Narrative?
• Positive Sentiment: Value-focused investor Greenlight Capital added Comcast during a pullback. The purchase may reinforce the view that CMCSA’s relatively low valuation and restructuring potential offer downside protection, although the fund’s broader second-quarter results lagged the S&P 500. Greenlight Capital Added Comcast Amid Pullback
• Neutral Sentiment: Comcast will participate in Goldman Sachs and BofA Securities investor conferences on September 9–10. Management commentary could provide updates on the NBCUniversal and Sky separation, broadband trends and advertising strategy, but no new financial targets were announced. Comcast to Participate in Goldman Sachs Investor Conference Comcast to Participate in BofA Securities Investor Conference
• Negative Sentiment: The stock’s recent momentum follows a strong one-month advance despite weaker longer-term performance, raising the possibility of profit-taking. Investors also remain focused on execution risks surrounding the NBCUniversal and Sky spin-off and Comcast’s ability to sustain broadband growth while separating its media operations. What Is Behind the Latest Attention on Comcast?

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.