Harbor Investment Advisory LLC Trims Position in Comcast Co. (NASDAQ:CMCSA)

Harbor Investment Advisory LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 20.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,577 shares of the cable giant's stock after selling 7,582 shares during the quarter. Harbor Investment Advisory LLC's holdings in Comcast were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Comcast during the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. purchased a new position in Comcast in the fourth quarter worth approximately $743,681,000. Amundi boosted its position in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after buying an additional 14,369,056 shares during the period. Capital World Investors grew its stake 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 purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMCSA shares. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a report on Thursday, April 10th. Citigroup dropped their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Scotiabank restated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Two equities research 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Down 0.6%

CMCSA stock traded down $0.22 on Thursday, reaching $34.22. The company's stock had a trading volume of 18,749,653 shares, compared to its average volume of 22,029,135. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The business has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $36.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $127.77 billion, a PE ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97.

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, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the company posted $1.04 EPS. The business's quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.