Comcast Co. (NASDAQ:CMCSA) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. cut its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 963,979 shares of the cable giant’s stock after selling 168,256 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Comcast were worth $45,133,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Baker Tilly Wealth Management LLC lifted its position in Comcast by 40.7% during the first quarter. Baker Tilly Wealth Management LLC now owns 73,266 shares of the cable giant’s stock valued at $3,430,000 after buying an additional 21,211 shares in the last quarter. WC Walker & Associates Inc. lifted its position in Comcast by 1.5% during the first quarter. WC Walker & Associates Inc. now owns 50,498 shares of the cable giant’s stock valued at $2,419,000 after buying an additional 740 shares in the last quarter. Cooper Financial Group lifted its position in Comcast by 5.1% during the first quarter. Cooper Financial Group now owns 7,803 shares of the cable giant’s stock valued at $365,000 after buying an additional 382 shares in the last quarter. New York State Common Retirement Fund lifted its position in Comcast by 1.4% during the first quarter. New York State Common Retirement Fund now owns 11,590,939 shares of the cable giant’s stock valued at $542,688,000 after buying an additional 155,051 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Comcast by 0.6% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 43,031 shares of the cable giant’s stock valued at $2,015,000 after buying an additional 276 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. TD Securities boosted their target price on shares of Comcast from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Barclays reduced their target price on shares of Comcast to $42.00 in a research report on Tuesday, August 9th. Redburn Partners cut shares of Comcast from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. TheStreet cut shares of Comcast from a “b-” rating to a “c+” rating in a research report on Friday, July 29th. Finally, Raymond James reissued a “hold” rating on shares of Comcast in a research report on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.17.

Comcast Stock Up 3.1 %

Comcast stock opened at $35.43 on Friday. The company has a 50-day simple moving average of $38.78 and a 200-day simple moving average of $42.16. The firm has a market capitalization of $156.36 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.72 and a beta of 0.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Co. has a one year low of $33.74 and a one year high of $60.85.

Comcast (NASDAQ:CMCSAGet Rating) last released its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The business had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, equities analysts expect that Comcast Co. will post 3.63 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast’s payout ratio is currently 35.29%.

About Comcast

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Further Reading

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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