Keeler Thomas Management LLC Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Keeler Thomas Management LLC reduced its holdings in Comcast Corporation by 47.8%, now owning 53,853 shares worth approximately $1,987,000.
• Several institutional investors, including Deutsche Bank AG and Charles Schwab Investment Management Inc., increased their stakes in Comcast during the first quarter.
• Comcast's recent earnings report showed earnings per share of $1.25, exceeding analyst estimates, with a 2.1% revenue increase compared to the previous year.

Keeler Thomas Management LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 53,853 shares of the cable giant's stock after selling 49,309 shares during the period. Keeler Thomas Management LLC's holdings in Comcast were worth $1,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new position in shares of Comcast during the first quarter valued at about $26,000. Abound Financial LLC purchased a new stake in Comcast during the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC grew its position in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast in the 4th quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Comcast stock remained flat at $31.67 during mid-day trading on Friday. 16,091,644 shares of the company traded hands, compared to its average volume of 22,820,288. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day moving average of $34.55 and a 200 day moving average of $34.96. The stock has a market cap of $116.93 billion, a price-to-earnings ratio of 5.23, a P/E/G ratio of 1.90 and a beta of 0.92. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their target price on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday. Bernstein Bank decreased their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. TD Cowen dropped their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Oppenheimer lowered their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Hold" and an average target price of $40.73.

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.