WD Rutherford LLC Sells 46,526 Shares of Comcast Co. (NASDAQ:CMCSA)

WD Rutherford LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 76.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Comcast during the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast in the fourth quarter worth about $743,681,000. Amundi grew its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Capital World Investors raised its holdings in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. KeyCorp lowered their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Argus downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have given 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, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Price Performance

Shares of 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 business’s 50 day moving average price is $34.51 and its 200 day moving average price is $36.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap 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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid 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%.

Comcast Company 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.