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

Highland Capital Management LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 58.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 84,028 shares of the cable giant's stock after selling 118,705 shares during the period. Highland Capital Management LLC's holdings in Comcast were worth $3,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Whipplewood Advisors LLC acquired a new stake in Comcast during the 4th quarter valued at $47,000. Proficio Capital Partners LLC raised its stake in Comcast by 5,262.5% during the 4th quarter. Proficio Capital Partners LLC now owns 597,864 shares of the cable giant's stock valued at $22,438,000 after purchasing an additional 586,715 shares during the period. Flputnam Investment Management Co. raised its stake in Comcast by 20.0% during the 4th quarter. Flputnam Investment Management Co. now owns 212,330 shares of the cable giant's stock valued at $7,969,000 after purchasing an additional 35,395 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Comcast during the 4th quarter valued at $6,276,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 0.3%

Shares of NASDAQ:CMCSA opened at $35.32 on Friday. The company has a market cap of $131.87 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.70 and a beta of 0.95. The stock's 50-day moving average is $34.61 and its 200-day moving average is $35.61. Comcast Corporation has a 52-week low of $31.44 and a 52-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 issued its quarterly earnings results 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. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. Barclays dropped their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" 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 dropped their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

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.

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