Chilton Capital Management LLC Trims Position in Comcast Corporation (NASDAQ:CMCSA)

Chilton Capital Management LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 92.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,052 shares of the cable giant's stock after selling 485,872 shares during the period. Chilton Capital Management LLC's holdings in Comcast were worth $1,367,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter valued at approximately $26,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% during 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 during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast during the fourth quarter worth $33,000. Global Wealth Strategies & Associates grew its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Comcast in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 1.5%

CMCSA traded down $0.55 during midday trading on Monday, reaching $35.44. 14,962,005 shares of the company's stock traded hands, compared to its average volume of 22,032,681. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a fifty day moving average of $34.81 and a two-hundred day moving average of $35.49. The stock has a market capitalization of $132.32 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results 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. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share 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 paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. Comcast's dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMCSA shares. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Bernstein Bank cut their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, BNP Paribas Exane lowered their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.96.

Comcast Company 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.