LVW Advisors LLC Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

LVW Advisors LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,277 shares of the cable giant's stock after selling 8,693 shares during the quarter. LVW Advisors LLC's holdings in Comcast were worth $1,339,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sculati Wealth Management LLC boosted its holdings in Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after buying an additional 285 shares during the period. Five Oceans Advisors boosted its holdings in Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after buying an additional 298 shares during the period. Kovack Advisors Inc. boosted its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares during the period. Beck Mack & Oliver LLC boosted its holdings in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares during the period. Finally, Avitas Wealth Management LLC boosted its holdings in Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after buying an additional 328 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMCSA. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Down 0.4%

Shares of CMCSA traded down $0.15 during trading hours on Thursday, reaching $34.29. 8,549,800 shares of the company traded hands, compared to its average volume of 21,990,040. The company's fifty day moving average price is $34.48 and its two-hundred day moving average price is $36.54. The company has a market capitalization of $128.03 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Comcast's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company 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 $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Comcast's dividend payout ratio is presently 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.