Compass Wealth Management LLC Lowers Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Compass Wealth Management LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 51.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,867 shares of the cable giant's stock after selling 16,555 shares during the quarter. Compass Wealth Management LLC's holdings in Comcast were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Capital World Investors grew its holdings in shares of Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank purchased a new stake in Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC lifted its position in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the last quarter. Dodge & Cox boosted its stake in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after buying an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Bernstein Bank cut their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast has an average rating of "Hold" and an average price target of $40.96.

Comcast Stock Up 0.3%

Shares of NASDAQ CMCSA traded up $0.10 during mid-day trading on Friday, reaching $35.93. The company had a trading volume of 10,160,934 shares, compared to its average volume of 22,060,166. The firm has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $35.50. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $134.13 billion, a P/E ratio of 8.83, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during 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 business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

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