Albert D Mason Inc. Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Albert D Mason Inc. trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 39.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,306 shares of the cable giant's stock after selling 10,166 shares during the period. Albert D Mason Inc.'s holdings in Comcast were worth $565,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CMCSA. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $27,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

CMCSA stock traded up $0.10 during trading on Monday, hitting $35.11. The company had a trading volume of 18,243,200 shares, compared to its average volume of 22,077,463. The firm has a market cap of $131.09 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $34.46 and a 200-day moving average price of $36.06. Comcast Co. has a 1-year low of $31.44 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. On average, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) 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.