TigerOak Management L.L.C. Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

TigerOak Management L.L.C. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,406 shares of the cable giant’s stock after selling 2,682 shares during the quarter. TigerOak Management L.L.C.’s holdings in Comcast were worth $273,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Comcast in the 4th quarter worth about $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the 4th quarter worth approximately $743,681,000. Amundi increased its position in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Capital World Investors increased its position in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.1%

Shares of CMCSA stock opened at $34.84 on Thursday. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The firm has a fifty day moving average price of $34.55 and a 200-day moving average price of $35.70. The company has a market cap of $130.08 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Oppenheimer cut their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Barclays reduced their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast 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.