Five Oceans Advisors Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

Five Oceans Advisors decreased its position in Comcast Co. (NASDAQ:CMCSA) by 30.8% during the 1st quarter, Holdings Channel reports. The fund owned 8,541 shares of the cable giant’s stock after selling 3,795 shares during the quarter. Five Oceans Advisors’ holdings in Comcast were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $743,681,000. Amundi lifted its stake in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Capital World Investors grew its position in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.3%

Shares of NASDAQ CMCSA opened at $35.11 on Tuesday. The firm has a market cap of $131.09 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The firm’s 50 day moving average price is $34.51 and its 200 day moving average price is $36.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share 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 issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is 32.43%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Rosenblatt Securities reissued a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Finally, Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, April 25th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.