Comcast Corporation (NASDAQ:CMCSA) Stake Trimmed by Greenleaf Trust

Greenleaf Trust trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,311 shares of the cable giant's stock after selling 7,739 shares during the period. Greenleaf Trust's holdings in Comcast were worth $3,111,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in Comcast in the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in shares of Comcast in the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% in 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 during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas Exane cut their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. TD Cowen cut their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Rothschild & Co Redburn cut their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Performance

Shares of CMCSA traded down $0.20 during trading hours on Thursday, reaching $35.42. 15,132,601 shares of the company's stock traded hands, compared to its average volume of 21,970,117. The firm has a market capitalization of $132.25 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.74 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The business's fifty day simple moving average is $34.92 and its two-hundred day simple moving average is $35.47.

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. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio 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.