Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 20.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926,825 shares of the cable giant's stock after selling 239,574 shares during the period. Allspring Global Investments Holdings LLC's holdings in Comcast were worth $34,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $25,000. Inlight Wealth Management LLC bought a new stake in Comcast during the 1st quarter valued at $26,000. Retirement Wealth Solutions LLC raised 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 valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast in the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates grew its position in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

Shares of Comcast stock traded down $0.50 during trading hours on Wednesday, reaching $35.83. The stock had a trading volume of 24,141,771 shares, compared to its average volume of 22,010,604. The stock's 50 day moving average is $34.69 and its 200 day moving average is $35.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a market capitalization of $133.78 billion, a PE ratio of 8.80, a PEG ratio of 1.76 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Comcast's quarterly revenue was down .6% compared to the same quarter last year. Equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.68%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast Company 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.