ST Germain D J Co. Inc. Sells 8,809 Shares of Comcast Co. (NASDAQ:CMCSA)

ST Germain D J Co. Inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 24.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,495 shares of the cable giant's stock after selling 8,809 shares during the period. ST Germain D J Co. Inc.'s holdings in Comcast were worth $1,015,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Chicago Capital LLC increased its stake in shares of Comcast by 3.2% during the fourth quarter. Chicago Capital LLC now owns 23,976 shares of the cable giant's stock valued at $900,000 after buying an additional 750 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in shares of Comcast by 11.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,442 shares of the cable giant's stock valued at $354,000 after acquiring an additional 969 shares in the last quarter. Trust Point Inc. lifted its stake in Comcast by 5.2% in the fourth quarter. Trust Point Inc. now owns 24,479 shares of the cable giant's stock worth $919,000 after acquiring an additional 1,203 shares during the period. Finally, Patron Partners LLC boosted its holdings in Comcast by 14.7% in the fourth quarter. Patron Partners LLC now owns 10,857 shares of the cable giant's stock valued at $407,000 after acquiring an additional 1,393 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Wells Fargo & Company cut shares of 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 research report on Monday, April 14th. Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Argus cut Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Finally, KeyCorp decreased their target price 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.22 on Thursday, reaching $34.22. The stock had a trading volume of 18,842,245 shares, compared to its average volume of 22,029,302. The stock has a market cap of $127.77 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a 50 day simple moving average of $34.48 and a 200 day simple moving average of $36.54.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter last year, the company posted $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 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.