Shepherd Financial Partners LLC Sells 2,913 Shares of Comcast Corporation (NASDAQ:CMCSA)

Shepherd Financial Partners LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.7% during the 1st quarter, HoldingsChannel reports. The fund owned 27,176 shares of the cable giant’s stock after selling 2,913 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Comcast were worth $1,003,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Retirement Wealth Solutions LLC lifted its stake in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $33,000. Global Wealth Strategies & Associates boosted its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Comcast during the 4th quarter worth $36,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Scotiabank restated a “sector perform” rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Finally, Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.53 on Wednesday. The company 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 quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a fifty day simple moving average of $34.49 and a 200 day simple moving average of $35.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current 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 issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast’s payout ratio is 32.43%.

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.