Teachers Retirement System of The State of Kentucky Has $10.74 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% in the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at $28,000. Finally, OFI Invest Asset Management bought a new position in Comcast in the fourth quarter worth $37,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. Finally, Macquarie dropped their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Comcast Stock Down 1.2 %

Comcast stock opened at $33.60 on Tuesday. The company has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $38.23. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a market cap of $127.04 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.93%. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Comcast Company 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.