MassMutual Private Wealth & Trust FSB Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

MassMutual Private Wealth & Trust FSB reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 32.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,606 shares of the cable giant's stock after selling 134,087 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Comcast were worth $10,428,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Comcast during the fourth quarter valued at about $859,000. Foundations Investment Advisors LLC lifted its position in shares of Comcast by 2.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 41,957 shares of the cable giant's stock valued at $1,575,000 after purchasing an additional 1,016 shares in the last quarter. Deane Retirement Strategies Inc. raised its position in Comcast by 1.2% in the fourth quarter. Deane Retirement Strategies Inc. now owns 76,891 shares of the cable giant's stock worth $2,886,000 after acquiring an additional 939 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Comcast by 21.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,196,524 shares of the cable giant's stock worth $44,906,000 after acquiring an additional 207,566 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.43 during trading on Monday, reaching $34.15. The company had a trading volume of 7,144,206 shares, compared to its average volume of 21,926,722. The company has a fifty day moving average of $34.64 and a two-hundred day moving average of $36.63. The stock has a market capitalization of $127.49 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. 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 (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 net margin of 13.09% and a return on equity of 19.98%. 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 prior year, the firm earned $1.04 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is presently 32.43%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Scotiabank restated 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. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Comcast 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.