Sumitomo Mitsui DS Asset Management Company Ltd Sells 16,154 Shares of Comcast Corporation (NASDAQ:CMCSA)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 465,025 shares of the cable giant's stock after selling 16,154 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Comcast were worth $17,159,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Comcast in the 4th quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the first quarter worth $26,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its stake in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research note on Thursday, April 10th. Citigroup lowered their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Barclays cut their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.64 on Tuesday, hitting $36.33. The company's stock had a trading volume of 22,853,945 shares, compared to its average volume of 21,956,650. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock's 50 day moving average is $34.65 and its 200-day moving average is $35.55. The company has a market capitalization of $135.65 billion, a PE ratio of 8.93, a PEG ratio of 1.71 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $29.82 billion. During the same period last year, the firm earned $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.63%. Comcast's dividend payout ratio is 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.