Scharf Investments LLC Has $107 Million Holdings in Comcast Corporation (NASDAQ:CMCSA)

Scharf Investments LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,899,833 shares of the cable giant's stock after selling 92,255 shares during the quarter. Comcast accounts for approximately 3.3% of Scharf Investments LLC's holdings, making the stock its 15th largest holding. Scharf Investments LLC owned 0.08% of Comcast worth $107,004,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new position in Comcast during the first quarter worth $26,000. Retirement Wealth Solutions LLC raised its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the fourth quarter valued at $33,000. Finally, Global Wealth Strategies & Associates grew its position in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Finally, Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

CMCSA traded up $0.06 on Monday, hitting $34.59. 28,762,051 shares of the stock were exchanged, compared to its average volume of 21,998,297. The firm has a market capitalization of $129.15 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.69 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 12 month low of $31.44 and a 12 month high of $45.31. The business has a 50-day moving average of $34.50 and a two-hundred day moving average of $35.77.

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. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the firm posted $1.04 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's payout ratio is currently 32.43%.

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.