Kentucky Retirement Systems Takes Position in Comcast Co. (CMCSA)

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Kentucky Retirement Systems bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the third quarter, HoldingsChannel.com reports. The fund bought 215,154 shares of the cable giant’s stock, valued at approximately $11,180,000. Comcast accounts for 0.8% of Kentucky Retirement Systems’ investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital International Investors grew its position in shares of Comcast by 363.4% in the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after buying an additional 96,201,446 shares during the last quarter. FMR LLC grew its position in shares of Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after buying an additional 11,459,543 shares during the last quarter. Bank of Montreal Can grew its position in shares of Comcast by 43.9% in the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after buying an additional 6,893,674 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Comcast by 17.6% in the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after buying an additional 5,499,850 shares during the last quarter. Finally, Natixis purchased a new position in shares of Comcast in the 2nd quarter worth approximately $147,520,000. 79.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. In the last three months, insiders sold 15,166 shares of company stock valued at $550,500. 1.31% of the stock is owned by insiders.

Several research firms have weighed in on CMCSA. BidaskClub raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. Morgan Stanley initiated coverage on shares of Comcast in a research report on Thursday, November 8th. They set an “overweight” rating and a $46.00 target price on the stock. UBS Group cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Citigroup initiated coverage on shares of Comcast in a research note on Wednesday, October 24th. They set a “buy” rating and a $48.00 price objective for the company. Finally, ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.61.

Shares of NASDAQ CMCSA opened at $35.65 on Wednesday. The firm has a market capitalization of $168.18 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.14 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a one year low of $30.43 and a one year high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. Equities research analysts expect that Comcast Co. will post 2.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is presently 36.89%.

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About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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