Comcast Co. (NASDAQ:CMCSA) Shares Sold by Courier Capital LLC

Courier Capital LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,362 shares of the cable giant’s stock after selling 1,453 shares during the quarter. Courier Capital LLC’s holdings in Comcast were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. First Citizens Bank & Trust Co. lifted its position in Comcast by 7.0% in the first quarter. First Citizens Bank & Trust Co. now owns 100,340 shares of the cable giant’s stock valued at $3,703,000 after buying an additional 6,558 shares during the last quarter. Capital Investment Advisors LLC lifted its position in Comcast by 9.2% in the first quarter. Capital Investment Advisors LLC now owns 54,886 shares of the cable giant’s stock valued at $2,025,000 after buying an additional 4,630 shares during the last quarter. PFW Advisors LLC lifted its position in Comcast by 398.3% in the first quarter. PFW Advisors LLC now owns 54,118 shares of the cable giant’s stock valued at $1,997,000 after buying an additional 43,258 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position in Comcast by 25.9% in the first quarter. KMG Fiduciary Partners LLC now owns 47,705 shares of the cable giant’s stock valued at $1,760,000 after buying an additional 9,823 shares during the last quarter. Finally, City Center Advisors LLC lifted its position in Comcast by 5.2% in the first quarter. City Center Advisors LLC now owns 14,047 shares of the cable giant’s stock valued at $518,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.4%

CMCSA opened at $34.70 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $129.56 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The business has a 50-day moving average of $34.39 and a two-hundred day moving average of $36.33. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly 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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company posted $1.04 EPS. Comcast’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders 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 dividend yield of 3.80%. Comcast’s dividend payout ratio (DPR) is 32.43%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Scotiabank reissued a “sector perform” rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities restated a “neutral” rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Finally, UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.