Teachers Retirement System of The State of Kentucky Raises Holdings in Comcast Corporation (NASDAQ:CMCSA)

Teachers Retirement System of The State of Kentucky raised its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 294,702 shares of the cable giant's stock after purchasing an additional 8,420 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Comcast were worth $10,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the 1st quarter worth $26,000. Abound Financial LLC purchased a new position in Comcast during the first quarter worth about $29,000. Retirement Wealth Solutions LLC grew its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in 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 acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CMCSA shares. BNP Paribas Exane cut their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $40.00 target price on Comcast and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Finally, Bernstein Bank cut their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus price target of $41.10.

Comcast Price Performance

CMCSA stock opened at $34.54 on Monday. The firm has a 50 day moving average of $35.00 and a 200-day moving average of $35.30. The company has a market cap of $128.96 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.68 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31.

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

Comcast Announces Dividend

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

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