Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,102 shares of the cable giant's stock after selling 7,919 shares during the quarter. Sigma Planning Corp's holdings in Comcast were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Inlight Wealth Management LLC purchased a new stake in Comcast in the first quarter worth about $26,000. Abound Financial LLC purchased a new stake in Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC increased its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Comcast in the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates increased its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMCSA. The Goldman Sachs Group dropped their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Bernstein Bank decreased their price target on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.10.

Comcast Stock Up 0.9%

Comcast stock traded up $0.30 during midday trading on Thursday, reaching $34.70. The company's stock had a trading volume of 17,542,010 shares, compared to its average volume of 21,926,845. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market cap of $129.56 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.66 and a beta of 0.95. The business has a 50-day simple moving average of $34.99 and a 200-day simple moving average of $35.37.

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, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. On average, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.