Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 56.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,513,995 shares of the cable giant's stock after selling 1,928,431 shares during the period. Brown Advisory Inc.'s holdings in Comcast were worth $55,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CMCSA. Capital World Investors lifted its stake in shares of Comcast by 8.6% during 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. Norges Bank purchased a new position in shares of Comcast during the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC lifted its stake in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares in the last quarter. Dodge & Cox lifted its stake in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Comcast by 12.0% during 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 own 84.32% of the company's stock.

Comcast Stock Down 1.2%

Shares of CMCSA traded down $0.43 during mid-day trading on Friday, hitting $34.99. The company's stock had a trading volume of 16,861,974 shares, compared to its average volume of 21,960,718. The company's 50-day moving average is $34.95 and its 200-day moving average is $35.46. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The firm has a market capitalization of $130.64 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.72 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 (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping 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 firm 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. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 yield of 3.77%. Comcast's payout ratio is 32.43%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. The Goldman Sachs Group lowered their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a report on Monday, April 28th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Finally, Moffett Nathanson lifted their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.98.

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.