Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 490,259 shares of the cable giant's stock after selling 25,457 shares during the period. Obermeyer Wealth Partners' holdings in Comcast were worth $18,091,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CMCSA. Sculati Wealth Management LLC boosted its stake in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares during the last quarter. Beck Mack & Oliver LLC lifted its holdings in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after acquiring an additional 300 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares during the period. Cypress Wealth Services LLC increased its position in shares of Comcast by 1.7% during the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after acquiring an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. lifted its stake in shares of Comcast by 3.3% during the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after buying an additional 319 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMCSA shares. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. BNP Paribas Exane decreased their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Rothschild & Co Redburn dropped their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Morgan Stanley raised their target price on shares of Comcast from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.10.

Comcast Stock Performance

NASDAQ CMCSA opened at $35.01 on Tuesday. The company has a market capitalization of $130.72 billion, a P/E ratio of 8.60, a PEG ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The business has a 50 day moving average price of $35.00 and a 200 day moving average price of $35.30.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its 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 net margin of 12.72% and a return on equity of 19.70%. The company's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 annualized dividend and a yield of 3.77%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast Company 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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