Comcast Co. (NASDAQ:CMCSA) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 172,485 shares of the cable giant’s stock after selling 4,733 shares during the quarter. Comcast makes up about 1.5% of Winslow Asset Management Inc.’s holdings, making the stock its 25th largest position. Winslow Asset Management Inc.’s holdings in Comcast were worth $7,563,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A acquired a new position in Comcast during the 4th quarter worth $28,000. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast in the 4th quarter worth about $34,000. Lipe & Dalton bought a new position in shares of Comcast in the 4th quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Comcast in the 4th quarter worth about $40,000. Finally, Gold Investment Management Ltd. bought a new position in shares of Comcast in the 4th quarter worth about $44,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.3 %

NASDAQ CMCSA traded down $0.10 during trading on Friday, reaching $37.48. The company’s stock had a trading volume of 4,749,646 shares, compared to its average volume of 20,125,881. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $147.06 billion, a PE ratio of 9.87, a PEG ratio of 0.95 and a beta of 1.00. The business has a 50-day moving average price of $39.13 and a 200-day moving average price of $41.71. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CMCSA shares. Citigroup reduced their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Scotiabank reduced their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.83.

Read Our Latest Stock Report on Comcast

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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