Comcast Co. (NASDAQ:CMCSA) Shares Sold by City Holding Co.

City Holding Co. cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,256 shares of the cable giant’s stock after selling 854 shares during the quarter. City Holding Co.’s holdings in Comcast were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Comcast during the fourth quarter worth approximately $743,681,000. Bfsg LLC increased its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Mission Wealth Management LP increased its position in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Aviva PLC increased its position in shares of Comcast by 7.2% during the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock worth $87,359,000 after acquiring an additional 156,986 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after acquiring an additional 2,270,186 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.3%

NASDAQ CMCSA opened at $34.60 on Tuesday. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $129.19 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The firm’s fifty day simple moving average is $34.35 and its 200-day simple moving average is $36.27.

Comcast (NASDAQ:CMCSA) last posted 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 firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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 issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is 32.43%.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Argus lowered Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Scotiabank reissued a “sector perform” rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Finally, Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target 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.