Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Mather Group LLC.

Mather Group LLC. decreased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,274 shares of the cable giant's stock after selling 37,781 shares during the quarter. Mather Group LLC.'s holdings in Comcast were worth $896,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new position in Comcast during the fourth quarter worth about $25,000. Inlight Wealth Management LLC purchased a new stake in Comcast in the first quarter valued at approximately $26,000. Retirement Wealth Solutions LLC raised its stake in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% during the first 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. Institutional investors own 84.32% of the company's stock.

Comcast Stock Up 0.3%

Shares of CMCSA stock traded up $0.10 during mid-day trading on Friday, hitting $35.93. The stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,060,166. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market capitalization of $134.13 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The firm's 50-day moving average is $34.81 and its two-hundred day moving average is $35.50. 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 (NASDAQ:CMCSA - Get Free Report) last released 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. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business 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 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. TD Cowen cut their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup reduced their target price 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, KeyCorp decreased their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $40.96.

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.