Kentucky Retirement Systems Insurance Trust Fund Has $4.78 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Kentucky Retirement Systems Insurance Trust Fund trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,375 shares of the cable giant’s stock after selling 11,873 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Comcast were worth $4,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter worth $26,000. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares in the last quarter. IAG Wealth Partners LLC grew its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp raised its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $42.88 on Friday. The firm has a market capitalization of $164.08 billion, a P/E ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.00. 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 business has a 50-day moving average of $41.61 and a 200-day moving average of $39.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.89%. Comcast’s dividend payout ratio is 33.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMCSA. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Barclays increased their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.