Chatham Capital Group Inc. Has $584,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Chatham Capital Group Inc. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 35.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,828 shares of the cable giant's stock after selling 8,603 shares during the quarter. Chatham Capital Group Inc.'s holdings in Comcast were worth $584,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter worth approximately $743,681,000. Bfsg LLC boosted its stake in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after acquiring an additional 73,590 shares during the period. Mission Wealth Management LP boosted its stake in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after acquiring an additional 3,344 shares during the period. Robinson Value Management Ltd. boosted its stake in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after acquiring an additional 59,107 shares during the period. Finally, Private Management Group Inc. boosted its stake in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after acquiring an additional 24,827 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA opened at $34.22 on Friday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The business has a 50-day simple moving average of $34.43 and a two-hundred day simple moving average of $36.48. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $127.77 billion, a PE ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97.

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. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.86%. Comcast's payout ratio is 32.43%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of "Moderate Buy" and a consensus target price of $42.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.