Comcast Co. (NASDAQ:CMCSA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 83.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,742 shares of the cable giant's stock after selling 908,024 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Comcast were worth $6,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter worth about $27,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates boosted its position in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.7%

Shares of NASDAQ:CMCSA traded down $0.26 during trading hours on Friday, reaching $35.01. The stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,092,584. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The firm's 50 day moving average is $34.46 and its 200-day moving average is $36.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $130.72 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95.

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

Comcast Dividend Announcement

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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Barclays dropped their target price 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. Finally, BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.