Signaturefd LLC Sells 4,625 Shares of Comcast Corporation (NASDAQ:CMCSA)

Signaturefd LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.1% in the first quarter, Holdings Channel reports. The fund owned 60,906 shares of the cable giant’s stock after selling 4,625 shares during the quarter. Signaturefd LLC’s holdings in Comcast were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors grew its position in shares of Comcast by 8.6% during 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 acquiring an additional 11,255,683 shares during the period. Norges Bank bought a new position in shares of Comcast during the 4th quarter valued at approximately $3,835,226,000. Geode Capital Management LLC grew its position in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox grew its position in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. New Street Research dropped their price target on shares of Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $40.98.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $35.64 on Tuesday. The company’s fifty day moving average price is $34.98 and its 200-day moving average price is $35.38. The firm has a market capitalization of $133.07 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.69 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.72% and a return on equity of 19.70%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is 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.