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Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Mill Capital Management LLC

Comcast logo with Consumer Discretionary background

Mill Capital Management LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 614,564 shares of the cable giant's stock after selling 27,223 shares during the quarter. Comcast accounts for 1.8% of Mill Capital Management LLC's portfolio, making the stock its 19th largest holding. Mill Capital Management LLC's holdings in Comcast were worth $22,677,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Comcast during the fourth quarter valued at $743,681,000. Mission Wealth Management LP increased its position in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Aviva PLC increased its position in Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after purchasing an additional 156,986 shares during the period. First Eagle Investment Management LLC grew its position in shares of Comcast by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after buying an additional 2,270,186 shares during the period. Finally, Argentarii LLC acquired a new position in shares of Comcast during the 4th quarter worth about $769,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. BNP Paribas cut 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. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Finally, Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Two 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

View Our Latest Research Report on CMCSA

Comcast Trading Up 0.3%

Shares of NASDAQ CMCSA traded up $0.11 during midday trading on Friday, reaching $35.32. The company had a trading volume of 26,938,364 shares, compared to its average volume of 22,032,244. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm's fifty day moving average price is $34.61 and its 200-day moving average price is $35.64. The stock has a market cap of $131.87 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its 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 firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 EPS. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.74%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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