Souders Financial Advisors Decreases Holdings in Comcast Corporation (NASDAQ:CMCSA)

Souders Financial Advisors lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 52.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,328 shares of the cable giant's stock after selling 29,591 shares during the quarter. Souders Financial Advisors' holdings in Comcast were worth $1,008,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the 1st quarter valued at $26,000. Abound Financial LLC acquired a new position in Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC raised its holdings in 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 acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

CMCSA opened at $34.54 on Friday. The business's 50 day moving average is $35.00 and its 200-day moving average is $35.31. The stock has a market cap of $128.96 billion, a PE ratio of 8.49, a price-to-earnings-growth 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 twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 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 business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's dividend payout ratio (DPR) is 32.43%.

Analysts Set New Price Targets

A number of research firms have recently commented on CMCSA. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. BNP Paribas Exane lowered their price target on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Finally, TD Cowen lowered their price target on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus target price of $41.10.

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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.