Kingsview Wealth Management LLC Sells 38,963 Shares of Comcast Corporation (NASDAQ:CMCSA)

Kingsview Wealth Management LLC trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,666 shares of the cable giant's stock after selling 38,963 shares during the quarter. Kingsview Wealth Management LLC's holdings in Comcast were worth $11,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Comcast by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock valued at $598,000 after acquiring an additional 4,781 shares during the period. Harbour Investments Inc. raised its stake in Comcast by 2.6% in the 4th quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant's stock valued at $882,000 after acquiring an additional 605 shares during the period. Mystic Asset Management Inc. bought a new stake in Comcast in the 4th quarter valued at about $271,000. Finally, Horizon Investments LLC raised its stake in Comcast by 2.1% in the 4th quarter. Horizon Investments LLC now owns 77,561 shares of the cable giant's stock valued at $2,887,000 after acquiring an additional 1,582 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of Comcast stock traded down $0.16 during trading hours on Friday, reaching $34.54. 14,787,636 shares of the stock traded hands, compared to its average volume of 21,898,396. The company has a 50 day moving average price of $35.00 and a 200 day moving average price of $35.35. The firm has a market capitalization of $128.96 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.66 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

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 analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. On average, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share 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 $0.33 dividend. 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 3.82%. Comcast's dividend payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group cut their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Scotiabank boosted their price objective on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, 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 report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.10.

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.