Oppenheimer & Co. Inc. Cuts Stake in Comcast Corporation (NASDAQ:CMCSA)

Oppenheimer & Co. Inc. lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,970 shares of the cable giant's stock after selling 35,623 shares during the period. Oppenheimer & Co. Inc.'s holdings in Comcast were worth $6,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Oppenheimer Asset Management Inc. boosted its stake in Comcast by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 891,911 shares of the cable giant's stock worth $32,912,000 after acquiring an additional 9,940 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Comcast by 24.3% during the first quarter. Continuum Advisory LLC now owns 23,241 shares of the cable giant's stock valued at $858,000 after purchasing an additional 4,545 shares in the last quarter. XML Financial LLC boosted its position in shares of Comcast by 6.6% in the 1st quarter. XML Financial LLC now owns 39,148 shares of the cable giant's stock worth $1,445,000 after purchasing an additional 2,413 shares in the last quarter. Palumbo Wealth Management LLC grew its stake in shares of Comcast by 43.6% in the 1st quarter. Palumbo Wealth Management LLC now owns 65,772 shares of the cable giant's stock worth $2,427,000 after buying an additional 19,982 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Comcast by 2.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 40,051 shares of the cable giant's stock worth $1,478,000 after buying an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.11 during trading hours on Friday, hitting $35.32. 26,356,238 shares of the company's stock traded hands, compared to its average volume of 21,996,541. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The firm has a market capitalization of $131.87 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.68 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The business's fifty day moving average price is $34.58 and its two-hundred day moving average price is $35.67.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. 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 posted $1.04 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMCSA. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. KeyCorp cut their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

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.