Edmp Inc. Sells 741 Shares of Comcast Corporation (NASDAQ:CMCSA)

Edmp Inc. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,915 shares of the cable giant’s stock after selling 741 shares during the period. Edmp Inc.’s holdings in Comcast were worth $956,000 as of its most recent SEC filing.

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

Comcast Stock Up 1.8%

Shares of CMCSA stock opened at $35.21 on Wednesday. The stock has a 50 day moving average of $34.53 and a 200 day moving average of $35.70. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $131.46 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.69 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted 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 analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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 3.75%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CMCSA shares. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Oppenheimer decreased their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, April 25th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Barclays decreased their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, KeyCorp decreased 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. Two investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

About Comcast

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.