Comcast Co. (NASDAQ:CMCSA) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 22.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,139 shares of the cable giant's stock after selling 10,637 shares during the period. OLD National Bancorp IN's holdings in Comcast were worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth $28,000. Retirement Wealth Solutions LLC increased its holdings 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 during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Comcast during the 4th quarter worth $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMCSA. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 target price (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 issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Comcast has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 0.4%

Shares of Comcast stock traded up $0.14 during midday trading on Thursday, hitting $35.32. The company had a trading volume of 6,240,808 shares, compared to its average volume of 22,017,120. The company has a 50 day moving average of $34.38 and a 200 day moving average of $36.26. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $131.87 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.78 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. On average, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.74%. 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.