E. Ohman J or Asset Management AB Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

E. Ohman J or Asset Management AB trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,600 shares of the cable giant's stock after selling 10,200 shares during the period. E. Ohman J or Asset Management AB's holdings in Comcast were worth $6,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $743,681,000. Bfsg LLC grew its stake in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Mission Wealth Management LP grew its stake in Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after acquiring an additional 3,344 shares in the last quarter. Robinson Value Management Ltd. grew its stake in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after acquiring an additional 59,107 shares in the last quarter. Finally, Private Management Group Inc. grew its stake in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after acquiring an additional 24,827 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.4%

CMCSA traded up $0.48 on Friday, reaching $34.70. 13,753,001 shares of the company traded hands, compared to its average volume of 22,040,584. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The firm has a fifty day simple moving average of $34.39 and a two-hundred day simple moving average of $36.43. The company has a market cap of $129.56 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Comcast's dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.