Clark Estates Inc. NY Sells 16,784 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Clark Estates Inc. NY has reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 27.6% in the first quarter, now owning 43,956 shares valued at approximately $1.62 million.
• Despite Clark Estates' reduction, other hedge funds have made slight increases in their positions, with 84.32% of Comcast's stock currently owned by institutional investors.
• Analysts' ratings for Comcast are mixed, with three analysts issuing sell ratings, while others maintain a buy or hold stance; the consensus price target is around $41.13.

Clark Estates Inc. NY cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 27.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,956 shares of the cable giant's stock after selling 16,784 shares during the period. Clark Estates Inc. NY's holdings in Comcast were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $960,000. Everstar Asset Management LLC boosted its position in Comcast by 11.5% in the 4th quarter. Everstar Asset Management LLC now owns 7,712 shares of the cable giant's stock valued at $289,000 after buying an additional 796 shares during the period. StoneX Group Inc. raised its holdings in shares of Comcast by 21.1% in the 4th quarter. StoneX Group Inc. now owns 48,916 shares of the cable giant's stock valued at $1,836,000 after purchasing an additional 8,530 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Rosenblatt Securities lifted their target price on shares of Comcast from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. BNP Paribas Exane cut their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Finally, Citigroup dropped their price target 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.77.

Comcast Stock Down 2.1%

NASDAQ CMCSA traded down $0.71 during trading hours on Friday, reaching $32.52. 22,392,993 shares of the company's stock were exchanged, compared to its average volume of 24,528,980. The company's 50-day moving average is $34.84 and its two-hundred day moving average is $35.14. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $121.42 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, October 1st. 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.