North Star Asset Management Inc. Sells 4,237 Shares of Comcast Corporation (NASDAQ:CMCSA)

North Star Asset Management Inc. reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,531 shares of the cable giant’s stock after selling 4,237 shares during the period. North Star Asset Management Inc.’s holdings in Comcast were worth $1,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new stake in Comcast in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC boosted its stake in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast during the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $32.50 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $121.35 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The firm’s 50-day moving average is $34.86 and its two-hundred day moving average is $35.16. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMCSA. Morgan Stanley raised their price target on Comcast from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Finally, Rosenblatt Securities upped their target price on Comcast from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.13.

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.