Alpine Woods Capital Investors LLC Reduces Holdings in Comcast Corporation (NASDAQ:CMCSA)

Alpine Woods Capital Investors LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,771 shares of the cable giant's stock after selling 10,678 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Comcast were worth $988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth $26,000. Abound Financial LLC acquired a new position in Comcast during the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC grew its position in shares of 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 buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its position in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Down 1.2%

NASDAQ CMCSA traded down $0.43 during trading hours on Friday, hitting $34.99. The company's stock had a trading volume of 16,862,759 shares, compared to its average volume of 21,995,037. The company has a market capitalization of $130.64 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. 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 52 week low of $31.44 and a 52 week high of $45.31. The company's 50-day simple moving average is $34.96 and its two-hundred day simple moving average is $35.39.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business 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%. Comcast's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.77%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.98.

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.