Chapin Davis Inc. Sells 1,077 Shares of Comcast Corporation (NASDAQ:CMCSA)

Chapin Davis Inc. lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 8.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,304 shares of the cable giant’s stock after selling 1,077 shares during the period. Chapin Davis Inc.’s holdings in Comcast were worth $417,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Comcast in the 4th quarter valued at approximately $743,681,000. Mission Wealth Management LP grew its holdings in Comcast by 8.3% in the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Aviva PLC increased its stake in shares of Comcast by 7.2% during the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock valued at $87,359,000 after purchasing an additional 156,986 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the last quarter. Finally, Argentarii LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $769,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $34.53 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $34.50 and its 200 day moving average is $35.77. The firm has a market capitalization of $128.92 billion, a PE ratio of 8.48, a PEG ratio of 1.69 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast’s payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Oppenheimer dropped their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.