Comcast Co. (NASDAQ:CMCSA) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,152 shares of the cable giant's stock after selling 9,768 shares during the quarter. HBW Advisory Services LLC's holdings in Comcast were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC lifted its holdings in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after purchasing an additional 285 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares during the period. Beck Mack & Oliver LLC raised its holdings in Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares during the period. Avitas Wealth Management LLC lifted its holdings in Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after purchasing an additional 328 shares in the last quarter. Finally, Spinnaker Trust boosted its stake in Comcast by 0.9% in the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock worth $1,363,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.6%

Shares of CMCSA traded down $0.22 during midday trading on Thursday, reaching $34.22. 18,749,653 shares of the stock were exchanged, compared to its average volume of 22,029,135. The company has a market capitalization of $127.77 billion, a P/E ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company's 50 day moving average is $34.48 and its two-hundred day moving average is $36.54.

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. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders 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 dividend yield of 3.86%. Comcast's dividend payout ratio is presently 32.43%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley set a $37.00 target price on shares of Comcast in a research report on Friday, April 25th. Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Finally, Oppenheimer decreased their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently 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.