Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 57.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,557 shares of the cable giant's stock after selling 11,679 shares during the quarter. Catalina Capital Group LLC's holdings in Comcast were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMCSA. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at $25,000. Retirement Wealth Solutions LLC lifted 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 buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Comcast during the fourth quarter worth about $33,000. Global Wealth Strategies & Associates lifted 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 buying an additional 600 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter worth about $36,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMCSA. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Barclays cut their target price 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. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Finally, KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 0.8%

Comcast stock traded up $0.27 during midday trading on Friday, hitting $34.53. The stock had a trading volume of 42,690,031 shares, compared to its average volume of 21,971,160. 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 stock has a market cap of $128.92 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.69 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The business has a fifty day moving average price of $34.50 and a 200 day moving average price of $35.82.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results 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 return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. Comcast's quarterly revenue was down .6% compared to the same quarter last year. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast's payout ratio is currently 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.