Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,994,860 shares of the cable giant's stock after selling 25,475 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Comcast worth $73,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Comcast by 475.6% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,767 shares of the cable giant's stock valued at $65,000 after purchasing an additional 1,460 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Comcast by 5.3% during the first quarter. Asset Management One Co. Ltd. now owns 1,599,029 shares of the cable giant's stock valued at $59,004,000 after buying an additional 80,328 shares during the last quarter. Uncommon Cents Investing LLC increased its holdings in Comcast by 4.6% in the 1st quarter. Uncommon Cents Investing LLC now owns 82,444 shares of the cable giant's stock worth $3,042,000 after buying an additional 3,636 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Comcast by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 891,911 shares of the cable giant's stock worth $32,912,000 after buying an additional 9,940 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in Comcast by 24.3% during the 1st quarter. Continuum Advisory LLC now owns 23,241 shares of the cable giant's stock valued at $858,000 after acquiring an additional 4,545 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Comcast stock traded up $0.62 during trading hours on Tuesday, hitting $35.21. 24,309,849 shares of the stock traded hands, compared to its average volume of 22,007,557. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a market capitalization of $131.46 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.69 and a beta of 0.95. The firm's 50 day moving average price is $34.51 and its 200-day moving average price is $35.71.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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 issued 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 3.75%. Comcast's payout ratio is 32.43%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMCSA shares. Scotiabank reiterated a "sector perform" rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Citigroup cut their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Finally, Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus price target 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.