Diversify Advisory Services LLC Has $806,000 Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Diversify Advisory Services LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 43.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,742 shares of the cable giant's stock after selling 18,467 shares during the period. Diversify Advisory Services LLC's holdings in Comcast were worth $806,000 at the end of the most recent reporting period.

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

Comcast Price Performance

CMCSA traded up $0.49 during trading on Wednesday, hitting $35.76. The company's stock had a trading volume of 3,349,760 shares, compared to its average volume of 21,793,791. The firm's 50 day moving average price is $35.00 and its two-hundred day moving average price is $35.30. The stock has a market capitalization of $133.50 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast 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. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.69%. Comcast's dividend payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Citigroup decreased their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group dropped their price target on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $40.00 price target on Comcast and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. TD Cowen dropped their price target on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Rothschild & Co Redburn dropped their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.10.

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.