Segall Bryant & Hamill LLC Sells 167,982 Shares of Comcast Corporation (NASDAQ:CMCSA)

Segall Bryant & Hamill LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 93.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,779 shares of the cable giant's stock after selling 167,982 shares during the period. Segall Bryant & Hamill LLC's holdings in Comcast were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. DDD Partners LLC grew its position in Comcast by 18.8% during the first quarter. DDD Partners LLC now owns 641,233 shares of the cable giant's stock valued at $23,661,000 after purchasing an additional 101,328 shares in the last quarter. Concord Asset Management LLC VA grew its position in Comcast by 11.4% in the first quarter. Concord Asset Management LLC VA now owns 66,439 shares of the cable giant's stock worth $2,290,000 after acquiring an additional 6,801 shares in the last quarter. Larson Financial Group LLC grew its position in Comcast by 5.6% in the first quarter. Larson Financial Group LLC now owns 22,110 shares of the cable giant's stock worth $816,000 after acquiring an additional 1,170 shares in the last quarter. Wealthfront Advisers LLC grew its position in Comcast by 1.6% in the first quarter. Wealthfront Advisers LLC now owns 305,611 shares of the cable giant's stock worth $11,277,000 after acquiring an additional 4,903 shares in the last quarter. Finally, West Family Investments Inc. grew its position in Comcast by 8.6% in the first quarter. West Family Investments Inc. now owns 16,196 shares of the cable giant's stock worth $598,000 after acquiring an additional 1,289 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Bernstein Bank reduced their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Morgan Stanley set a $40.00 price objective on shares of Comcast and gave the stock an "equal weight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.10.

Comcast Price Performance

NASDAQ CMCSA traded down $0.16 on Friday, hitting $34.54. 14,787,636 shares of the company were exchanged, compared to its average volume of 21,925,448. The firm has a 50 day moving average of $35.00 and a two-hundred day moving average of $35.31. The company has a market cap of $128.96 billion, a P/E ratio of 8.49, 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. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results 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 company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's dividend payout ratio is 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.