D.A. Davidson & CO. Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

D.A. Davidson & CO. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 27.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 133,572 shares of the cable giant's stock after selling 49,439 shares during the period. D.A. Davidson & CO.'s holdings in Comcast were worth $4,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its stake in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter worth approximately $3,835,226,000. Geode Capital Management LLC grew its stake in shares of Comcast by 1.2% in the 4th 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 last quarter. Dodge & Cox grew its stake in shares of Comcast by 6.8% in the 4th 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 last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Up 0.3%

Shares of Comcast stock opened at $35.93 on Friday. The firm has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.74 and a beta of 0.95. The business has a 50-day moving average price of $34.81 and a 200-day moving average price of $35.52. 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 twelve month low of $31.44 and a twelve month high of $45.31.

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 firm had revenue of $29.89 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. Equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMCSA. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Bernstein Bank lowered their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Moffett Nathanson increased their price target on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Three 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.96.

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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