Compass Wealth Management LLC Has $585,000 Holdings in Comcast Corporation (NASDAQ:CMCSA)

Compass Wealth Management LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 51.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,867 shares of the cable giant's stock after selling 16,555 shares during the period. Compass Wealth Management LLC's holdings in Comcast were worth $585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aviva PLC boosted its holdings in shares of Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock valued at $87,359,000 after buying an additional 156,986 shares during the period. DAVENPORT & Co LLC boosted its stake in Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the period. First Eagle Investment Management LLC boosted its stake in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. Argentarii LLC acquired a new position in shares of Comcast during the fourth quarter worth about $769,000. Finally, Geode Capital Management LLC boosted its position in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after buying an additional 1,006,272 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. TD Cowen cut their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Evercore ISI cut their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $40.96.

Comcast Trading Up 1.6%

Shares of Comcast stock traded up $0.56 on Tuesday, hitting $36.00. The stock had a trading volume of 12,651,470 shares, compared to its average volume of 22,012,607. The stock has a 50 day moving average of $34.85 and a 200 day moving average of $35.47. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $134.41 billion, a P/E ratio of 8.85, a PEG ratio of 1.71 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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 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%. Comcast's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. 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.