Rhumbline Advisers Has $265.87 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Rhumbline Advisers reduced its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,205,228 shares of the cable giant's stock after selling 235,299 shares during the period. Rhumbline Advisers owned approximately 0.19% of Comcast worth $265,873,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at $28,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Comcast during the 4th quarter worth about $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. Finally, Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Trading Up 1.0%

CMCSA traded up $0.33 during mid-day trading on Tuesday, reaching $34.66. The stock had a trading volume of 22,049,036 shares, compared to its average volume of 21,998,147. The firm's fifty day simple moving average is $34.58 and its two-hundred day simple moving average is $36.57. The stock has a market capitalization of $129.41 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.78 and a beta of 0.97. 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.

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, topping analysts' consensus estimates 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 analyst estimates of $29.82 billion. During the same period last year, the company earned $1.04 earnings per share. The company's revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Comcast Co. 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. Stockholders 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 dividend yield of 3.81%. Comcast's dividend payout ratio is currently 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.