Teachers Retirement System of The State of Kentucky cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,282 shares of the cable giant's stock after selling 14,478 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Comcast were worth $10,744,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in Comcast during the 3rd quarter worth about $451,000. Invst LLC lifted its stake in Comcast by 8.4% during the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant's stock worth $1,664,000 after acquiring an additional 3,077 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after acquiring an additional 282 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Comcast by 6.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock worth $525,000 after acquiring an additional 759 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in Comcast during the 3rd quarter worth about $1,301,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Stock Performance
Shares of CMCSA stock traded up $0.71 during mid-day trading on Friday, hitting $33.90. The stock had a trading volume of 29,362,656 shares, compared to its average volume of 21,819,633. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market cap of $128.18 billion, a PE ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50-day simple moving average is $35.35 and its 200-day simple moving average is $38.03.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is 31.81%.
Analyst Upgrades and Downgrades
CMCSA has been the topic of several research reports. Citigroup decreased their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Barclays reduced their price target on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Finally, Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.98.
Read Our Latest Stock Analysis on CMCSA
Comcast Company Profile
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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