44 Wealth Management LLC Has $2.04 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

44 Wealth Management LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 55,324 shares of the cable giant’s stock after selling 2,478 shares during the quarter. 44 Wealth Management LLC’s holdings in Comcast were worth $2,041,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMCSA. Norges Bank purchased a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the 4th quarter worth $743,681,000. Amundi grew its stake in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Capital World Investors raised its holdings in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $35.93 on Friday. The stock has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.73 and a beta of 0.95. The stock’s 50-day moving average is $34.77 and its 200 day moving average is $35.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its 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. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter last year, the company earned $1.04 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast’s dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMCSA. TD Cowen reduced their price objective on shares of Comcast from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer reduced 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. Rothschild & Co Redburn decreased their price target on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Scotiabank reiterated a “sector perform” rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.96.

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.