Albert D Mason Inc. Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

Albert D Mason Inc. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 39.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,306 shares of the cable giant’s stock after selling 10,166 shares during the quarter. Albert D Mason Inc.’s holdings in Comcast were worth $565,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $27,000. Retirement Wealth Solutions LLC increased its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates increased its holdings in 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 acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Oppenheimer decreased their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Price Performance

NASDAQ CMCSA opened at $35.27 on Friday. The stock’s 50-day moving average price is $34.42 and its two-hundred day moving average price is $36.20. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $131.69 billion, a PE ratio of 8.50, a PEG ratio of 1.78 and a beta of 0.95. Comcast Co. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company 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 19.98% and a net margin of 13.09%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, analysts predict that Comcast Co. will post 4.33 EPS for the current 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 paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.74%. Comcast’s payout ratio is 32.43%.

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.