Comcast Corporation (NASDAQ:CMCSA) Stake Cut by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC reduced its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,880 shares of the cable giant's stock after selling 18,379 shares during the period. Sequoia Financial Advisors LLC's holdings in Comcast were worth $15,752,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Value Partners Investments Inc. acquired a new stake in shares of Comcast during the 1st quarter valued at $3,744,000. Pure Financial Advisors LLC acquired a new stake in shares of Comcast during the first quarter worth $284,000. Aspetuck Financial Management LLC purchased a new stake in shares of Comcast during the first quarter valued at $220,000. SOL Capital Management CO boosted its position in shares of Comcast by 5.1% in the 1st quarter. SOL Capital Management CO now owns 65,595 shares of the cable giant's stock valued at $2,420,000 after purchasing an additional 3,194 shares during the period. Finally, Phillips Wealth Planners LLC increased its stake in Comcast by 19.9% in the 1st quarter. Phillips Wealth Planners LLC now owns 20,106 shares of the cable giant's stock worth $678,000 after purchasing an additional 3,331 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CMCSA shares. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. KeyCorp cut their price target 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, UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 1.1%

NASDAQ:CMCSA opened at $35.21 on Friday. 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 Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock's fifty day simple moving average is $34.58 and its 200-day simple moving average is $35.67. The firm has a market capitalization of $131.46 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.68 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is presently 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.

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