Bartlett & CO. Wealth Management LLC Sells 32,257 Shares of Comcast Corporation (NASDAQ:CMCSA)

Bartlett & CO. Wealth Management LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 29.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,774 shares of the cable giant's stock after selling 32,257 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Comcast were worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Sculati Wealth Management LLC increased its position in shares of Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the last quarter. Beck Mack & Oliver LLC increased its position in shares of Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares during the last quarter. Toth Financial Advisory Corp grew its position in Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after acquiring an additional 300 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its position in Comcast by 1.7% during the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 0.3%

Shares of NASDAQ:CMCSA traded up $0.11 on Friday, hitting $35.32. 26,938,364 shares of the company traded hands, compared to its average volume of 22,032,244. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $34.61 and a 200-day simple moving average of $35.64. The company has a market cap of $131.87 billion, a PE ratio of 8.68, a PEG ratio of 1.70 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, beating 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 during the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the company earned $1.04 earnings per share. The company's revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.74%. Comcast's payout ratio 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.