Baxter Bros Inc. Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Baxter Bros Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 19.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,508 shares of the cable giant's stock after selling 43,488 shares during the period. Baxter Bros Inc.'s holdings in Comcast were worth $6,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. O Keefe Stevens Advisory Inc. increased its position in shares of Comcast by 22.9% in the first quarter. O Keefe Stevens Advisory Inc. now owns 25,532 shares of the cable giant's stock worth $942,000 after purchasing an additional 4,750 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Comcast by 2.7% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 87,775 shares of the cable giant's stock worth $3,239,000 after buying an additional 2,332 shares during the last quarter. Fragasso Financial Advisors Inc increased its holdings in shares of Comcast by 3.1% in the 1st quarter. Fragasso Financial Advisors Inc now owns 12,225 shares of the cable giant's stock worth $451,000 after buying an additional 370 shares during the last quarter. NBC Securities Inc. raised its position in shares of Comcast by 91,357.3% during the 1st quarter. NBC Securities Inc. now owns 100,603 shares of the cable giant's stock valued at $3,712,000 after buying an additional 100,493 shares in the last quarter. Finally, Enterprise Bank & Trust Co lifted its holdings in shares of Comcast by 3.0% during the 1st quarter. Enterprise Bank & Trust Co now owns 13,161 shares of the cable giant's stock worth $486,000 after acquiring an additional 379 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Trading Down 0.6%

NASDAQ:CMCSA traded down $0.22 during mid-day trading on Wednesday, reaching $34.44. 19,202,440 shares of the company's stock traded hands, compared to its average volume of 22,012,304. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market capitalization of $128.59 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.78 and a beta of 0.97. The company has a 50 day moving average price of $34.53 and a 200-day moving average price of $36.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the firm posted $1.04 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMCSA. UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Finally, Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.