First Foundation Advisors Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

First Foundation Advisors trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,025 shares of the cable giant’s stock after selling 813 shares during the quarter. First Foundation Advisors’ holdings in Comcast were worth $911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in Comcast by 45.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,928 shares of the cable giant’s stock valued at $216,000 after buying an additional 1,547 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Comcast during the 4th quarter valued at approximately $1,035,000. OneAscent Financial Services LLC purchased a new stake in Comcast during the 4th quarter valued at approximately $649,000. Brookstone Capital Management grew its holdings in Comcast by 4.7% during the 4th quarter. Brookstone Capital Management now owns 155,789 shares of the cable giant’s stock valued at $6,831,000 after buying an additional 7,011 shares in the last quarter. Finally, Paragon Capital Management Ltd boosted its position in shares of Comcast by 5.8% during the 4th quarter. Paragon Capital Management Ltd now owns 18,626 shares of the cable giant’s stock valued at $817,000 after acquiring an additional 1,021 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. Citigroup lowered their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.53.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.1 %

Comcast stock traded down $0.06 during trading hours on Friday, reaching $40.08. The stock had a trading volume of 19,305,172 shares, compared to its average volume of 19,952,288. The company has a market cap of $157.26 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.00 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50 day moving average price is $38.60 and its 200-day moving average price is $40.80. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

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