Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 300,760 shares of the cable giant's stock after selling 23,720 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Comcast were worth $12,563,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. FMR LLC lifted its holdings in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after buying an additional 6,062,658 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock worth $1,500,722,000 after buying an additional 1,000,626 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant's stock worth $1,331,192,000 after buying an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock worth $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant's stock worth $667,620,000 after buying an additional 822,936 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Stock Up 1.3 %
CMCSA stock traded up $0.53 during midday trading on Thursday, reaching $40.24. The company had a trading volume of 22,430,502 shares, compared to its average volume of 19,645,764. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $153.98 billion, a P/E ratio of 10.82, a PEG ratio of 1.63 and a beta of 0.99. The company has a 50 day moving average of $42.35 and a two-hundred day moving average of $40.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.26 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, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. Comcast's dividend payout ratio (DPR) is 33.33%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on CMCSA shares. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 4th. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Finally, KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $47.19.
View Our Latest Stock Analysis on CMCSA
Insider Transactions at Comcast
In related news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
About Comcast
(
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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