Comcast Co. (NASDAQ:CMCSA) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 55.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,748 shares of the cable giant's stock after selling 13,280 shares during the period. Union Bancaire Privee UBP SA's holdings in Comcast were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital World Investors grew its stake in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank purchased a new position in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC lifted its holdings in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the last quarter. Dodge & Cox grew its holdings in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.26 during mid-day trading on Friday, reaching $35.01. The stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,054,983. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50 day simple moving average of $34.46 and a 200 day simple moving average of $36.15. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a market capitalization of $130.72 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.78 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, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Comcast's quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. Comcast's dividend payout ratio is presently 32.43%.

Analysts Set New Price Targets

Several research firms recently issued reports on CMCSA. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays cut 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. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.