Cantor Fitzgerald Investment Advisors L.P. Decreases Stake in Comcast Corporation (NASDAQ:CMCSA)

Cantor Fitzgerald Investment Advisors L.P. decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 353,831 shares of the cable giant's stock after selling 27,669 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Comcast were worth $13,056,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Comcast in the fourth quarter worth about $33,000. Global Wealth Strategies & Associates grew its holdings in shares of Comcast by 203.4% during the 1st 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 period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $34.26 on Friday. The business's 50-day simple moving average is $34.49 and its two-hundred day simple moving average is $35.92. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a market cap of $127.92 billion, a PE ratio of 8.42, a P/E/G ratio of 1.67 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) 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 company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter last year, the company earned $1.04 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMCSA shares. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Oppenheimer lowered their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday, April 25th. Finally, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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