Comcast Co. (NASDAQ:CMCSA) Shares Sold by First United Bank & Trust

First United Bank & Trust lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 30.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,804 shares of the cable giant’s stock after selling 6,520 shares during the period. First United Bank & Trust’s holdings in Comcast were worth $546,000 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 made changes to their positions in the company. Brighton Jones LLC increased its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the fourth quarter valued at $28,000. Sapient Capital LLC lifted its position in Comcast by 3.4% in the fourth quarter. Sapient Capital LLC now owns 28,841 shares of the cable giant’s stock valued at $1,082,000 after acquiring an additional 954 shares during the last quarter. Focus Financial Network Inc. lifted its position in Comcast by 16.4% in the fourth quarter. Focus Financial Network Inc. now owns 9,501 shares of the cable giant’s stock valued at $357,000 after acquiring an additional 1,342 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Comcast in the fourth quarter valued at $271,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 1.2%

NASDAQ:CMCSA opened at $35.18 on Thursday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market capitalization of $131.35 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.95. 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 business has a 50 day simple moving average of $34.38 and a 200 day simple moving average of $36.26.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 yield of 3.75%. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Oppenheimer reduced their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Scotiabank reiterated a “sector perform” rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. Argus lowered Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, Barclays lowered their price target 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.