Comcast Co. (NASDAQ:CMCSA) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,400 shares of the cable giant’s stock after selling 4,806 shares during the period. Farther Finance Advisors LLC’s holdings in Comcast were worth $2,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sculati Wealth Management LLC lifted its holdings in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after buying an additional 285 shares during the period. Kovack Advisors Inc. increased its stake in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Beck Mack & Oliver LLC increased its stake in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp increased its stake in Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after purchasing an additional 300 shares in the last quarter. Finally, Cypress Wealth Services LLC increased its stake in Comcast by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock valued at $690,000 after purchasing an additional 318 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 2.9%

Comcast stock opened at $35.62 on Wednesday. The company has a market cap of $132.99 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $36.26. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its 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 net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.71%. Comcast’s dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CMCSA shares. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research note on Thursday, April 10th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

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.