Comcast Corporation (NASDAQ:CMCSA) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 31.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,131 shares of the cable giant's stock after selling 7,787 shares during the period. ZWJ Investment Counsel Inc.'s holdings in Comcast were worth $632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. St. James Investment Company LLC raised its position in Comcast by 4.2% during the first quarter. St. James Investment Company LLC now owns 555,708 shares of the cable giant's stock worth $20,506,000 after acquiring an additional 22,480 shares during the last quarter. Novem Group raised its position in Comcast by 7.6% during the first quarter. Novem Group now owns 101,049 shares of the cable giant's stock worth $3,729,000 after acquiring an additional 7,108 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in Comcast by 2.6% during the first quarter. Hudson Edge Investment Partners Inc. now owns 170,264 shares of the cable giant's stock worth $6,283,000 after acquiring an additional 4,276 shares during the last quarter. Horizon Financial Services LLC raised its position in shares of Comcast by 2,482.0% in the first quarter. Horizon Financial Services LLC now owns 126,493 shares of the cable giant's stock valued at $4,668,000 after buying an additional 121,594 shares during the last quarter. Finally, Krane Funds Advisors LLC raised its position in shares of Comcast by 25.2% in the first quarter. Krane Funds Advisors LLC now owns 13,858 shares of the cable giant's stock valued at $511,000 after buying an additional 2,788 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 0.3%

CMCSA traded up $0.10 during trading on Friday, hitting $35.93. 10,160,934 shares of the company's stock were exchanged, compared to its average volume of 22,020,615. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a 50 day moving average price of $34.81 and a 200 day moving average price of $35.52. The firm has a market cap of $134.13 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

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, topping 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 in the previous year, the company posted $1.04 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. Comcast's payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. BNP Paribas Exane cut their price objective on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Barclays cut 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. Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $40.96.

About Comcast

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.