WD Rutherford LLC Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

WD Rutherford LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 76.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,553 shares of the cable giant’s stock after selling 46,526 shares during the period. WD Rutherford LLC’s holdings in Comcast were worth $501,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMCSA. Promus Capital LLC purchased a new position in Comcast during the fourth quarter valued at $25,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% during the 1st 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 purchased a new position in Comcast in the 4th quarter valued at about $33,000. Global Wealth Strategies & Associates boosted its holdings in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after buying an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $35.11 on Tuesday. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The stock’s fifty day moving average is $34.51 and its two-hundred day moving average is $36.00. The company has a market capitalization of $131.09 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. Comcast’s payout ratio is currently 32.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Oppenheimer decreased their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Barclays lowered their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.