HBW Advisory Services LLC Sells 9,768 Shares of Comcast Co. (NASDAQ:CMCSA)

HBW Advisory Services LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,152 shares of the cable giant’s stock after selling 9,768 shares during the period. HBW Advisory Services LLC’s holdings in Comcast were worth $3,216,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC bought a new stake in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the fourth quarter worth about $28,000. Retirement Wealth Solutions LLC lifted its stake in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Comcast during the fourth quarter valued at approximately $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CMCSA. Rosenblatt Securities restated a “neutral” rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Scotiabank restated a “sector perform” rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Finally, Oppenheimer decreased their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

Shares of CMCSA opened at $34.33 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $128.18 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock’s 50-day moving average price is $34.58 and its two-hundred day moving average price is $36.57. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued 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 firm had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. On average, equities analysts predict that Comcast Co. 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. Investors 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 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

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.