Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 31,092 shares of the cable giant’s stock after selling 666 shares during the period. Brown Lisle Cummings Inc.’s holdings in Comcast were worth $1,147,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CMCSA. Sculati Wealth Management LLC increased its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after purchasing an additional 285 shares in the last quarter. Kovack Advisors Inc. increased its position in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after purchasing an additional 300 shares in the last quarter. Beck Mack & Oliver LLC increased its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares during the last quarter. Finally, Cypress Wealth Services LLC boosted its stake in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock worth $690,000 after buying an additional 318 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $34.53 on Monday. The stock’s 50 day moving average price is $34.50 and its 200 day moving average price is $35.77. The firm has a market capitalization of $128.92 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping 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 return on equity of 19.70% and a net margin of 12.72%. Comcast’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm 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 dividend payout ratio is presently 32.43%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. KeyCorp decreased their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Citigroup decreased their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Barclays decreased their price target on 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

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.