Teachers Retirement System of The State of Kentucky Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Teachers Retirement System of The State of Kentucky lessened its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC raised its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after acquiring an additional 282 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after buying an additional 291 shares during the period. Five Oceans Advisors increased its stake in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after acquiring an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the period. Finally, Beck Mack & Oliver LLC increased its stake in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. Macquarie decreased their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. UBS Group dropped their price target on Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.98.

Comcast Price Performance

Shares of CMCSA stock traded up $0.71 on Friday, reaching $33.90. The company's stock had a trading volume of 29,362,656 shares, compared to its average volume of 21,915,269. The company has a market capitalization of $128.18 billion, a P/E ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock's 50 day simple moving average is $35.40 and its 200-day simple moving average is $38.13. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were paid a $0.33 dividend. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, April 2nd. Comcast's payout ratio is 31.81%.

Comcast Profile

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.