Naples Global Advisors LLC Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

Naples Global Advisors LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,796 shares of the cable giant's stock after selling 15,173 shares during the period. Naples Global Advisors LLC's holdings in Comcast were worth $1,395,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Sculati Wealth Management LLC lifted 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 valued at $1,156,000 after acquiring an additional 285 shares during the last quarter. Kovack Advisors Inc. lifted 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 valued at $993,000 after acquiring an additional 300 shares during the last quarter. Beck Mack & Oliver LLC lifted 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 valued at $583,000 after acquiring an additional 300 shares during the last quarter. Lakeshore Capital Group Inc. lifted its holdings in Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares during the last quarter. Finally, Spinnaker Trust lifted its holdings in Comcast by 0.9% in the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock valued at $1,363,000 after acquiring an additional 340 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp cut their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned 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, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Down 0.6%

CMCSA stock opened at $34.22 on Friday. The company has a market cap of $127.77 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50-day simple moving average of $34.43 and a 200 day simple moving average of $36.48. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last issued its earnings results 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 return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Comcast Co. will post 4.33 EPS 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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's 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.

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