Kentucky Retirement Systems Sells 9,345 Shares of Comcast Corporation (NASDAQ:CMCSA)

Kentucky Retirement Systems decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 256,120 shares of the cable giant's stock after selling 9,345 shares during the period. Kentucky Retirement Systems' holdings in Comcast were worth $9,451,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Norges Bank bought a new stake in Comcast in the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast in the 4th quarter valued at about $743,681,000. Amundi boosted its holdings in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Capital World Investors boosted its holdings in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded up $0.06 during trading on Monday, reaching $34.59. 27,939,498 shares of the company were exchanged, compared to its average volume of 22,001,620. The company has a 50-day moving average of $34.50 and a two-hundred day moving average of $35.77. The company has a market capitalization of $129.15 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 1.69 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMCSA shares. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays dropped their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Finally, Scotiabank restated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.