Comcast Co. (CMCSA) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Comcast Co. (NASDAQ:CMCSA) by 10.1% in the second quarter, HoldingsChannel reports. The firm owned 613,141 shares of the cable giant’s stock after acquiring an additional 56,395 shares during the quarter. State of Alaska Department of Revenue’s holdings in Comcast were worth $20,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NTV Asset Management LLC boosted its position in shares of Comcast by 13.4% in the fourth quarter. NTV Asset Management LLC now owns 10,933 shares of the cable giant’s stock worth $438,000 after acquiring an additional 1,296 shares during the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 24.3% during the fourth quarter. GM Advisory Group Inc. now owns 6,778 shares of the cable giant’s stock valued at $271,000 after buying an additional 1,324 shares in the last quarter. Alps Advisors Inc. lifted its position in Comcast by 5.2% during the fourth quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after buying an additional 1,364 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Comcast by 2.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 55,671 shares of the cable giant’s stock valued at $2,230,000 after buying an additional 1,418 shares in the last quarter. Finally, Bank of The Ozarks lifted its position in Comcast by 3.9% during the fourth quarter. Bank of The Ozarks now owns 39,058 shares of the cable giant’s stock valued at $1,565,000 after buying an additional 1,467 shares in the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.

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Shares of NASDAQ:CMCSA traded down $0.22 during midday trading on Tuesday, reaching $33.34. The company had a trading volume of 647,037 shares, compared to its average volume of 32,972,852. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. The firm has a market cap of $155.96 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. Comcast Co. has a one year low of $30.43 and a one year high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. equities research analysts forecast that Comcast Co. will post 2.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be paid a $0.19 dividend. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.28%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.

In related news, SVP Daniel C. Murdock sold 916 shares of Comcast stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, the senior vice president now owns 2,120 shares in the company, valued at $70,384. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.

A number of brokerages have weighed in on CMCSA. Pivotal Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, June 26th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Macquarie reaffirmed a “hold” rating and set a $38.00 price target on shares of Comcast in a research report on Sunday, April 29th. Atlantic Securities lowered shares of Comcast from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 8th. Finally, KeyCorp assumed coverage on shares of Comcast in a research note on Wednesday, May 16th. They set a “buy” rating and a $38.00 price objective on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.43.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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