Credit Agricole S A Sells 1,862,073 Shares of Comcast Corporation $CMCSA

Key Points

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Credit Agricole S A cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 52.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,682,035 shares of the cable giant's stock after selling 1,862,073 shares during the period. Credit Agricole S A's holdings in Comcast were worth $62,067,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC bought a new stake in Comcast in the 1st quarter valued at $26,000. Abound Financial LLC bought a new stake in Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates boosted its holdings in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Benchmark restated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Scotiabank increased their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Rothschild & Co Redburn dropped their target price on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.73.

Comcast Price Performance

CMCSA traded up $0.55 during midday trading on Friday, hitting $34.15. The company had a trading volume of 25,267,336 shares, compared to its average volume of 23,977,274. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $126.09 billion, a PE ratio of 5.64, a P/E/G ratio of 2.05 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm's 50-day simple moving average is $34.21 and its 200-day simple moving average is $34.77.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is presently 21.82%.

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.