Park Avenue Securities LLC Has $3.02 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Park Avenue Securities LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 19.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,858 shares of the cable giant’s stock after selling 20,107 shares during the quarter. Park Avenue Securities LLC’s holdings in Comcast were worth $3,021,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Sculati Wealth Management LLC boosted its holdings in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after acquiring an additional 285 shares in the last quarter. Kovack Advisors Inc. raised its holdings in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. Beck Mack & Oliver LLC lifted its position in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after buying an additional 300 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in Comcast by 1.7% during the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock worth $690,000 after acquiring an additional 318 shares during the period. Finally, Lakeshore Capital Group Inc. boosted its holdings in shares of Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant’s stock worth $373,000 after buying an additional 319 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMCSA. Scotiabank reiterated a “sector perform” rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Finally, BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.60 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The firm has a market capitalization of $129.19 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.78 and a beta of 0.95. The stock has a fifty day moving average of $34.35 and a 200 day moving average of $36.27.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. As a group, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

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.