Perigon Wealth Management LLC Sells 56,784 Shares of Comcast Corporation (NASDAQ:CMCSA)

Perigon Wealth Management LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 34.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,868 shares of the cable giant's stock after selling 56,784 shares during the period. Perigon Wealth Management LLC's holdings in Comcast were worth $3,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter worth $743,681,000. Mission Wealth Management LP increased its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after buying an additional 3,344 shares during the last quarter. Aviva PLC lifted its position in Comcast by 7.2% during the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after buying an additional 156,986 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after buying an additional 2,270,186 shares during the last quarter. Finally, Argentarii LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $769,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMCSA shares. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Performance

Comcast stock traded up $0.11 during trading hours on Friday, hitting $35.32. The company had a trading volume of 26,938,364 shares, compared to its average volume of 21,996,542. The firm has a 50-day moving average of $34.58 and a 200 day moving average of $35.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $131.87 billion, a PE ratio of 8.68, a PEG ratio of 1.68 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 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 for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 3.74%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 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.