Valueworks LLC Sells 11,697 Shares of Comcast Co. (NASDAQ:CMCSA)

Valueworks LLC cut its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,974 shares of the cable giant's stock after selling 11,697 shares during the quarter. Comcast accounts for about 1.7% of Valueworks LLC's investment portfolio, making the stock its 21st largest holding. Valueworks LLC's holdings in Comcast were worth $5,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Merit Financial Group LLC boosted its holdings in shares of Comcast by 53.1% in the fourth quarter. Merit Financial Group LLC now owns 66,627 shares of the cable giant's stock worth $2,501,000 after buying an additional 23,114 shares during the last quarter. Krilogy Financial LLC boosted its holdings in shares of Comcast by 11.5% in the fourth quarter. Krilogy Financial LLC now owns 17,107 shares of the cable giant's stock worth $642,000 after buying an additional 1,758 shares during the last quarter. Successful Portfolios LLC boosted its holdings in shares of Comcast by 10.4% in the fourth quarter. Successful Portfolios LLC now owns 5,966 shares of the cable giant's stock worth $224,000 after buying an additional 560 shares during the last quarter. LVW Advisors LLC boosted its holdings in shares of Comcast by 10.3% in the fourth quarter. LVW Advisors LLC now owns 44,970 shares of the cable giant's stock worth $1,688,000 after buying an additional 4,211 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Comcast by 72.7% in the fourth quarter. Diversify Wealth Management LLC now owns 84,821 shares of the cable giant's stock worth $3,084,000 after buying an additional 35,704 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMCSA shares. KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley set a $37.00 price target on shares of Comcast in a report on Friday, April 25th. Finally, Benchmark lowered their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

Shares of Comcast stock traded down $0.07 on Friday, hitting $34.52. 13,930,047 shares of the company traded hands, compared to its average volume of 21,963,530. The stock has a market capitalization of $128.89 billion, a P/E ratio of 8.32, 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 52 week low of $31.44 and a 52 week high of $45.31. The business has a 50-day simple moving average of $34.84 and a 200 day simple moving average of $37.00.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 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.