Adell Harriman & Carpenter Inc. Has $939,000 Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Adell Harriman & Carpenter Inc. lessened its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 37.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,446 shares of the cable giant's stock after selling 15,523 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Comcast were worth $939,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in Comcast in the 4th quarter valued at about $3,835,226,000. Amundi grew its position in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Capital World Investors grew its position in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. KBC Group NV grew its position in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock valued at $374,927,000 after buying an additional 8,928,641 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Bernstein Bank cut their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.96.

Comcast Trading Up 1.6%

NASDAQ:CMCSA traded up $0.56 on Tuesday, hitting $36.00. 12,646,864 shares of the stock were exchanged, compared to its average volume of 21,994,839. The stock has a market capitalization of $134.41 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.74 and a beta of 0.95. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company's 50-day moving average price is $34.85 and its 200 day moving average price is $35.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. On average, 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 disclosed 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. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Comcast's dividend payout ratio is presently 32.43%.

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.