Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in Comcast by 81.6% in the first quarter, holding only 3,700 shares valued at $137,000 after selling 16,358 shares.
• Comcast recently announced a quarterly dividend of $0.33, representing a 4.1% yield, which will be paid to stockholders of record on October 1st.
• Analysts have mixed sentiments on Comcast, with a consensus rating of "Hold" and a target price averaging $40.73, while three analysts rated it as a sell.

Annis Gardner Whiting Capital Advisors LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 81.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,700 shares of the cable giant's stock after selling 16,358 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in Comcast were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at approximately $26,000. Abound Financial LLC purchased a new stake in shares of Comcast in the first quarter worth $29,000. Retirement Wealth Solutions LLC increased its holdings in shares of 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 acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast in the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA stock remained flat at $31.67 during mid-day trading on Friday. 16,091,644 shares of the company's stock were exchanged, compared to its average volume of 22,820,288. The stock has a market cap of $116.93 billion, a P/E ratio of 5.23, a PEG ratio of 1.90 and a beta of 0.92. The business has a 50 day moving average of $34.55 and a 200 day moving average of $34.96. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMCSA shares. Morgan Stanley reduced their price target on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday. KeyCorp decreased their target price 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. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. New Street Research reduced their price objective on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.73.

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.