D Orazio & Associates Inc. Sells 708 Shares of Comcast Co. (NASDAQ:CMCSA)

D Orazio & Associates Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,297 shares of the cable giant’s stock after selling 708 shares during the quarter. D Orazio & Associates Inc.’s holdings in Comcast were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth about $2,542,988,000. Capital World Investors increased its stake in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after purchasing an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC grew its stake in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Comcast by 215.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after buying an additional 2,474,946 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new position in Comcast in the 4th quarter valued at about $108,332,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group started coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $48.53.

Insider Activity at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

Comcast Price Performance

Shares of Comcast stock traded down $0.45 on Thursday, reaching $40.14. 16,475,404 shares of the stock were exchanged, compared to its average volume of 20,410,283. The firm has a market cap of $157.49 billion, a PE ratio of 10.76, a P/E/G ratio of 0.99 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average is $38.55 and its 200-day moving average is $40.85. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

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.