Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,599,728 shares of the cable giant's stock after selling 116,845 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Comcast worth $169,730,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CMCSA. Capital World Investors lifted its holdings in shares of Comcast by 8.6% in 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 buying an additional 11,255,683 shares during the period. Norges Bank acquired a new stake in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC raised its position in Comcast by 1.2% during 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 in the last quarter. Dodge & Cox lifted its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Bernstein Bank cut their price target on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Scotiabank upped their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Finally, Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.10.

Comcast Stock Down 0.5%

CMCSA traded down $0.16 on Friday, hitting $34.54. 14,784,361 shares of the company were exchanged, compared to its average volume of 21,898,396. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market cap of $128.96 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The firm has a 50-day moving average price of $35.00 and a two-hundred day moving average price of $35.35. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.70% and a net margin of 12.72%. 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. Comcast's quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. 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 3.82%. Comcast's dividend payout ratio (DPR) is presently 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.