WD Rutherford LLC Sells 46,526 Shares of Comcast Corporation (NASDAQ:CMCSA)

WD Rutherford LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 76.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,553 shares of the cable giant's stock after selling 46,526 shares during the quarter. WD Rutherford LLC's holdings in Comcast were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Comcast in the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast during the 4th quarter worth about $743,681,000. Amundi boosted its holdings in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after buying an additional 14,369,056 shares during the last quarter. Capital World Investors increased its position in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing 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

Comcast stock traded down $0.27 during trading hours on Wednesday, reaching $34.26. 16,242,295 shares of the company were exchanged, compared to its average volume of 21,993,880. The stock has a 50-day moving average of $34.49 and a 200 day moving average of $35.99. The firm has a market cap of $127.92 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.69 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

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

Comcast Announces Dividend

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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is presently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast has an average rating of "Moderate Buy" and a consensus target price 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.