Vontobel Holding Ltd. Sells 9,717 Shares of Comcast Corporation (NASDAQ:CMCSA)

Vontobel Holding Ltd. reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,164,809 shares of the cable giant's stock after selling 9,717 shares during the quarter. Vontobel Holding Ltd.'s holdings in Comcast were worth $42,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Alta Advisers Ltd boosted its stake in Comcast by 50.6% during the first quarter. Alta Advisers Ltd now owns 19,057 shares of the cable giant's stock worth $703,000 after buying an additional 6,400 shares in the last quarter. Cypress Capital LLC boosted its position in shares of Comcast by 6.5% during the 1st quarter. Cypress Capital LLC now owns 60,727 shares of the cable giant's stock valued at $2,241,000 after acquiring an additional 3,703 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Comcast by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 16,581 shares of the cable giant's stock valued at $612,000 after acquiring an additional 1,030 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Comcast by 28.8% in the first quarter. Koshinski Asset Management Inc. now owns 54,439 shares of the cable giant's stock worth $2,009,000 after purchasing an additional 12,162 shares in the last quarter. Finally, Altus Wealth Group LLC grew its stake in shares of Comcast by 11.7% in the 1st quarter. Altus Wealth Group LLC now owns 24,396 shares of the cable giant's stock valued at $900,000 after purchasing an additional 2,554 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.3%

Shares of NASDAQ:CMCSA traded up $0.10 during trading on Thursday, hitting $35.93. 10,159,717 shares of the company's stock traded hands, compared to its average volume of 25,167,986. 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 $134.13 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95. The company has a 50-day moving average price of $34.72 and a 200-day moving average price of $35.56. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is 32.43%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. TD Cowen reduced their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.96.

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.