Arjuna Capital Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Arjuna Capital lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,892 shares of the cable giant's stock after selling 8,894 shares during the period. Comcast comprises about 1.0% of Arjuna Capital's investment portfolio, making the stock its 24th biggest holding. Arjuna Capital's holdings in Comcast were worth $3,649,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CMCSA. Capital World Investors grew its holdings in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC boosted its stake in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox boosted its stake in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Moffett Nathanson upped their price objective on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Barclays dropped their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. New Street Research dropped their price target on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.98.

Comcast Trading Down 1.2%

Shares of NASDAQ CMCSA traded down $0.43 during midday trading on Friday, hitting $34.99. The company's stock had a trading volume of 16,862,759 shares, compared to its average volume of 21,995,037. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The business's 50 day moving average is $34.96 and its two-hundred day moving average is $35.41. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market cap of $130.64 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. Comcast's payout ratio is currently 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.