Ballentine Partners LLC Has $1.46 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Ballentine Partners LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,573 shares of the cable giant's stock after selling 9,846 shares during the quarter. Ballentine Partners LLC's holdings in Comcast were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors grew its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank acquired a new stake in Comcast in the fourth quarter worth $3,835,226,000. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 1,006,272 shares during the period. Dodge & Cox grew its holdings in 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 purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. BNP Paribas Exane reduced their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Moffett Nathanson lifted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, KeyCorp reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of "Hold" and an average price target of $40.98.

Comcast Stock Performance

Comcast stock opened at $34.99 on Friday. The firm's 50 day simple moving average is $34.96 and its 200 day simple moving average is $35.41. 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 firm has a market capitalization of $130.64 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. Comcast Corporation 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 earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS. As a group, analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

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.

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