Kentucky Retirement Systems Insurance Trust Fund Increases Holdings in Comcast Corporation (NASDAQ:CMCSA)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,088 shares of the cable giant's stock after buying an additional 16,803 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Comcast were worth $4,025,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMCSA. Promus Capital LLC bought a new stake in shares of Comcast in the fourth quarter worth about $25,000. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth about $26,000. Retirement Wealth Solutions LLC grew its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates grew its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group set a $44.50 target price on Comcast in a report on Friday, April 25th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 0.2%

Shares of CMCSA traded up $0.06 during mid-day trading on Monday, reaching $34.59. The company had a trading volume of 27,939,498 shares, compared to its average volume of 22,001,620. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day moving average price of $34.50 and a 200 day moving average price of $35.77. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market capitalization of $129.15 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

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

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.