Birch Hill Investment Advisors LLC Sells 14,953 Shares of Comcast Corporation (NASDAQ:CMCSA)

Birch Hill Investment Advisors LLC decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 63.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,578 shares of the cable giant’s stock after selling 14,953 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Comcast were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter worth $25,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast in the fourth quarter worth $33,000. Global Wealth Strategies & Associates raised its position in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after buying an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter worth $36,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company cut Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. Two equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

CMCSA stock opened at $34.53 on Wednesday. The firm has a 50 day moving average price of $34.49 and a 200-day moving average price of $35.99. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The firm has a market capitalization of $128.92 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast’s payout ratio is currently 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.