Brighton Jones LLC Has $4.12 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 32.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,716 shares of the cable giant's stock after selling 54,549 shares during the quarter. Brighton Jones LLC's holdings in Comcast were worth $4,122,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Root Financial Partners LLC increased its holdings in shares of Comcast by 41.6% in the fourth quarter. Root Financial Partners LLC now owns 7,753 shares of the cable giant's stock valued at $291,000 after buying an additional 2,277 shares in the last quarter. Asset Planning Inc acquired a new stake in Comcast in the fourth quarter valued at approximately $59,000. AustralianSuper Pty Ltd increased its position in Comcast by 18.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,023,648 shares of the cable giant's stock worth $75,948,000 after buying an additional 316,320 shares during the last quarter. PUREfi Wealth LLC acquired a new stake in Comcast in the 4th quarter worth approximately $401,000. Finally, Spinnaker Trust lifted its position in Comcast by 0.9% during the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock worth $1,363,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.5%

Shares of CMCSA stock traded down $0.16 on Monday, reaching $34.85. 5,319,638 shares of the stock were exchanged, compared to its average volume of 22,033,121. The business's 50 day moving average price is $34.46 and its 200 day moving average price is $36.06. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a market capitalization of $130.12 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.78 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share. As a group, sell-side analysts expect 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. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays decreased their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley set a $37.00 target price on shares of Comcast in a research report on Friday, April 25th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average 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.