GAMMA Investing LLC Has $1.17 Million Holdings in Comcast Corporation (NASDAQ:CMCSA)

GAMMA Investing LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,560 shares of the cable giant's stock after selling 19,225 shares during the period. GAMMA Investing LLC's holdings in Comcast were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the period. Norges Bank purchased a new stake in Comcast in the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC increased its holdings 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 worth $3,212,244,000 after buying an additional 1,006,272 shares during the period. Dodge & Cox increased 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 worth $2,968,723,000 after buying an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Comcast by 12.0% during 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. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CMCSA shares. Oppenheimer dropped their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 1.8%

Shares of CMCSA traded up $0.64 during trading hours on Tuesday, reaching $36.33. The company's stock had a trading volume of 22,853,945 shares, compared to its average volume of 21,976,853. The company has a 50 day moving average of $34.65 and a two-hundred day moving average of $35.55. 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 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market cap of $135.65 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.73 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm earned $1.04 earnings per share. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced 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. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

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.