Teachers Retirement System of The State of Kentucky decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,148,645 shares of the cable giant’s stock after selling 8,971 shares during the quarter. Comcast accounts for 0.6% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 25th biggest holding. Teachers Retirement System of The State of Kentucky’s holdings in Comcast were worth $44,705,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Zions Bancorporation boosted its holdings in shares of Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the period. First Bank & Trust boosted its holdings in Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares during the period. Founders Capital Management purchased a new position in Comcast during the 1st quarter valued at $113,000. Pacific Center for Financial Services boosted its holdings in Comcast by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after acquiring an additional 1,788 shares during the period. Finally, Partners Capital Investment Group Holdings LLC boosted its holdings in Comcast by 100.0% during the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock valued at $131,000 after acquiring an additional 1,744 shares during the period. 82.13% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on CMCSA. Royal Bank of Canada restated a “buy” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. Pivotal Research restated a “buy” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, December 19th. KeyCorp reiterated a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Finally, BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.72.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. analysts expect that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.57%. Comcast’s payout ratio is presently 30.36%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 593,402 shares of company stock worth $22,961,401. Company insiders own 1.28% of the company’s stock.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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