Oppenheimer & Co. Inc. Sells 35,623 Shares of Comcast Corporation (NASDAQ:CMCSA)

Oppenheimer & Co. Inc. decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its holdings in shares of Comcast by 1.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 891,911 shares of the cable giant's stock valued at $32,912,000 after acquiring an additional 9,940 shares in the last quarter. Continuum Advisory LLC grew its stake in Comcast by 24.3% in the 1st 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 during the period. XML Financial LLC increased its position in shares of Comcast by 6.6% during the 1st quarter. XML Financial LLC now owns 39,148 shares of the cable giant's stock valued at $1,445,000 after purchasing an additional 2,413 shares during the last quarter. Palumbo Wealth Management LLC raised its stake in shares of Comcast by 43.6% during the 1st quarter. Palumbo Wealth Management LLC now owns 65,772 shares of the cable giant's stock worth $2,427,000 after purchasing an additional 19,982 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings 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. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the subject of several recent research reports. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. KeyCorp reduced their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 1.8%

Shares of NASDAQ:CMCSA traded up $0.62 during trading on Tuesday, reaching $35.21. 24,255,409 shares of the stock traded hands, compared to its average volume of 22,007,404. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a market cap of $131.46 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The stock has a 50-day moving average of $34.51 and a two-hundred day moving average of $35.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given 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 3.75%. Comcast's payout ratio is 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.