Advisory Alpha LLC Sells 8,339 Shares of Comcast Co. (NASDAQ:CMCSA)

Advisory Alpha LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 56.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,555 shares of the cable giant's stock after selling 8,339 shares during the period. Advisory Alpha LLC's holdings in Comcast were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC bought a new stake in Comcast during the fourth quarter valued at $25,000. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at $28,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Comcast during the fourth quarter valued at $33,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Trading Down 0.6%

NASDAQ CMCSA traded down $0.22 on Thursday, hitting $34.22. 18,842,245 shares of the company were exchanged, compared to its average volume of 22,066,916. The company's 50 day moving average price is $34.43 and its 200-day moving average price is $36.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $127.77 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.86%. Comcast's dividend payout ratio is 32.43%.

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.