Trade Report: Today, Oregon Public Employees Retirement Fund Reached $16,568,000 position of Comcast Corp. (CMCSA)

Today, Oregon Public Employees Retirement Fund Reached $16,568,000 position  of Comcast Corp. (CMCSA)

Oregon Public Employees Retirement Fund lowered its position in Comcast Corp. (NASDAQ:CMCSA) by 38.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,744 shares of the cable giant’s stock after selling 153,664 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Comcast Corp. were worth $16,568,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock valued at $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock valued at $2,032,387,000 after buying an additional 917,751 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock valued at $1,917,895,000 after buying an additional 184,478 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock valued at $1,884,074,000 after buying an additional 748,545 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Comcast Corp. by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 26,216,689 shares of the cable giant’s stock valued at $1,709,066,000 after buying an additional 385,942 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.918% during mid-day trading on Monday, hitting $68.525. The company had a trading volume of 6,559,598 shares. The firm has a market cap of $163.97 billion, a PE ratio of 20.101 and a beta of 1.08. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $69.92. The firm’s 50 day moving average is $64.84 and its 200-day moving average is $65.06.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The business had revenue of $21.32 billion for the quarter, compared to analysts’ expectations of $21.11 billion. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, equities analysts expect that Comcast Corp. will post $3.50 EPS for the current year.

Several equities analysts recently weighed in on the company. Jefferies Group reiterated a “buy” rating on shares of Comcast Corp. in a research report on Friday, September 30th. Argus upped their price target on Comcast Corp. from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Credit Suisse Group AG restated an “outperform” rating and set a $75.00 price target (up from $69.00) on shares of Comcast Corp. in a research note on Monday, August 1st. Robert W. Baird restated an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a research note on Sunday, September 25th. Finally, Barclays PLC restated an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a research note on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $73.15.

In other Comcast Corp. news, EVP David L. Cohen sold 19,444 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total value of $1,273,582.00. Following the sale, the executive vice president now owns 257,120 shares in the company, valued at $16,841,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total transaction of $993,147.28. Following the completion of the sale, the executive vice president now owns 66,289 shares in the company, valued at approximately $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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