Ferguson Wellman Capital Management Inc. Sells 384,365 Shares of Comcast Co. (NASDAQ:CMCSA)

Ferguson Wellman Capital Management Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 97.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,683 shares of the cable giant's stock after selling 384,365 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Comcast were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Promus Capital LLC purchased a new position in Comcast in the fourth quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at $27,000. Retirement Wealth Solutions LLC boosted its position in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates grew its stake in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA stock traded down $0.26 on Friday, reaching $35.01. The company had a trading volume of 17,189,721 shares, compared to its average volume of 22,092,584. The stock has a market capitalization of $130.72 billion, a PE ratio of 8.44, 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 Co. has a one year low of $31.44 and a one year high of $45.31. The business's 50-day moving average is $34.46 and its 200 day moving average is $36.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.09% and a return on equity of 19.98%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. Equities research analysts forecast that Comcast Co. 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 given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMCSA shares. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Scotiabank restated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.