JFS Wealth Advisors LLC Decreases Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

JFS Wealth Advisors LLC reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,180 shares of the cable giant’s stock after selling 937 shares during the period. JFS Wealth Advisors LLC’s holdings in Comcast were worth $634,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. KeyCorp dropped 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. Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Up 0.2%

CMCSA opened at $34.59 on Tuesday. The company has a fifty day moving average of $34.51 and a two-hundred day moving average of $35.71. The stock has a market capitalization of $129.15 billion, a price-to-earnings ratio of 8.50, 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. 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 (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 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.