Dakota Wealth Management Sells 19,894 Shares of Comcast Corporation (NASDAQ:CMCSA)

Dakota Wealth Management reduced its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,447 shares of the cable giant's stock after selling 19,894 shares during the period. Dakota Wealth Management's holdings in Comcast were worth $6,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Comcast by 42.9% in the fourth quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock valued at $598,000 after purchasing an additional 4,781 shares in the last quarter. Choate Investment Advisors lifted its holdings in shares of Comcast by 3.7% in the fourth quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant's stock valued at $1,395,000 after purchasing an additional 1,328 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Comcast by 16.1% in the fourth quarter. Greenwich Wealth Management LLC now owns 10,602 shares of the cable giant's stock valued at $398,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Comcast by 2.6% in the fourth quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant's stock valued at $882,000 after purchasing an additional 605 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup lowered their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Moffett Nathanson boosted their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Finally, Bernstein Bank lowered their price target 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.98.

Comcast Trading Down 2.6%

Shares of CMCSA stock traded down $0.92 during mid-day trading on Tuesday, hitting $34.72. The company's stock had a trading volume of 16,843,054 shares, compared to its average volume of 21,973,174. The company's fifty day simple moving average is $34.99 and its 200-day simple moving average is $35.37. Comcast Corporation has a 52 week low of $31.44 and a 52 week 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 company has a market cap of $129.63 billion, a PE ratio of 8.53, a P/E/G ratio of 1.72 and a beta of 0.95.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.80%. Comcast's dividend payout ratio (DPR) is currently 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.