Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,002 shares of the cable giant's stock after selling 141,740 shares during the quarter. Comcast makes up 0.9% of Morningstar Investment Services LLC's portfolio, making the stock its 23rd largest holding. Morningstar Investment Services LLC's holdings in Comcast were worth $5,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Balentine LLC lifted its position in Comcast by 20.6% in the first quarter. Balentine LLC now owns 14,642 shares of the cable giant's stock worth $540,000 after buying an additional 2,498 shares during the last quarter. Buckhead Capital Management LLC increased its stake in shares of Comcast by 1.0% during the first quarter. Buckhead Capital Management LLC now owns 130,582 shares of the cable giant's stock valued at $4,818,000 after buying an additional 1,346 shares during the period. Mystic Asset Management Inc. increased its stake in shares of Comcast by 11.6% during the first quarter. Mystic Asset Management Inc. now owns 8,048 shares of the cable giant's stock valued at $297,000 after buying an additional 835 shares during the period. FLC Capital Advisors grew its stake in Comcast by 11.2% in the first quarter. FLC Capital Advisors now owns 25,184 shares of the cable giant's stock valued at $929,000 after purchasing an additional 2,538 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Comcast in the first quarter valued at about $245,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Moffett Nathanson boosted their price target on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Morgan Stanley set a $40.00 price objective on Comcast and gave the company an "equal weight" rating in a research note on Wednesday. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup lowered their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, TD Cowen lowered their price target on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of "Hold" and an average price target of $41.10.

Comcast Price Performance

Shares of Comcast stock traded down $0.16 during trading on Friday, reaching $34.54. The company's stock had a trading volume of 14,787,636 shares, compared to its average volume of 21,925,448. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a market capitalization of $128.96 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The business has a 50 day moving average price of $35.00 and a 200-day moving average price of $35.33.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 EPS. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's dividend payout ratio is presently 32.43%.

About Comcast

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.