Stratos Wealth Partners LTD. Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Stratos Wealth Partners LTD. cut its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 29.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,465 shares of the cable giant's stock after selling 18,690 shares during the period. Stratos Wealth Partners LTD.'s holdings in Comcast were worth $1,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Sculati Wealth Management LLC lifted 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 buying an additional 285 shares during the period. Beck Mack & Oliver LLC raised its holdings in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares during the last quarter. Cypress Wealth Services LLC grew its position in Comcast by 1.7% during the 1st 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 during the last quarter. Finally, Lakeshore Capital Group Inc. grew its position in shares of Comcast by 3.3% in 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 during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMCSA. Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. BNP Paribas Exane decreased their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Bernstein Bank dropped their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.98.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.93 during trading on Tuesday, hitting $34.71. 16,572,631 shares of the company were exchanged, compared to its average volume of 21,959,772. The firm's fifty day moving average price is $34.98 and its 200 day moving average price is $35.38. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a market cap of $129.60 billion, a price-to-earnings ratio of 8.53, 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data 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 business 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 was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. 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.