Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 83.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,371 shares of the cable giant's stock after selling 177,611 shares during the quarter. Brookstone Capital Management's holdings in Comcast were worth $1,305,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CMCSA. IFM Investors Pty Ltd boosted its position in Comcast by 9.0% during the 1st quarter. IFM Investors Pty Ltd now owns 837,993 shares of the cable giant's stock worth $30,922,000 after acquiring an additional 69,105 shares during the period. GF Fund Management CO. LTD. increased its holdings in shares of Comcast by 1.8% during the first quarter. GF Fund Management CO. LTD. now owns 736,435 shares of the cable giant's stock valued at $27,174,000 after purchasing an additional 13,010 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of Comcast by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 69,514 shares of the cable giant's stock valued at $2,565,000 after purchasing an additional 4,015 shares during the period. Calamos Advisors LLC increased its holdings in shares of Comcast by 1.1% during the first quarter. Calamos Advisors LLC now owns 826,418 shares of the cable giant's stock valued at $30,495,000 after purchasing an additional 9,190 shares during the period. Finally, Conning Inc. increased its holdings in shares of Comcast by 11.1% during the first quarter. Conning Inc. now owns 1,006,310 shares of the cable giant's stock valued at $37,133,000 after purchasing an additional 100,435 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 1.5%

Shares of Comcast stock opened at $35.44 on Tuesday. The firm has a 50-day simple moving average of $34.85 and a two-hundred day simple moving average of $35.47. The company has a market cap of $132.32 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. 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 announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. 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 company earned $1.04 EPS. Comcast's revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. BNP Paribas Exane cut their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Barclays cut their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group cut their price target on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.96.

About Comcast

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.

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