Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,860 shares of the cable giant's stock after selling 142,173 shares during the period. Synergy Asset Management LLC's holdings in Comcast were worth $5,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMCSA. Sculati Wealth Management LLC lifted its holdings in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares in the last quarter. Kovack Advisors Inc. increased its stake in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares during the period. Beck Mack & Oliver LLC increased its stake in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares during the period. Toth Financial Advisory Corp increased its stake in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after buying an additional 300 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after buying an additional 318 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.06 during trading on Monday, reaching $34.59. 27,939,498 shares of the company's stock traded hands, compared to its average volume of 22,001,620. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a 50 day moving average of $34.50 and a 200-day moving average of $35.77. The stock has a market capitalization of $129.15 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share 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 during the quarter, compared to the consensus estimate of $29.82 billion. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CMCSA shares. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Barclays dropped their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Finally, KeyCorp dropped their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

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.