Flavin Financial Services Inc. Sells 834 Shares of Comcast Corporation (NASDAQ:CMCSA)

Flavin Financial Services Inc. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.9% in the first quarter, Holdings Channel reports. The fund owned 6,812 shares of the cable giant’s stock after selling 834 shares during the period. Flavin Financial Services Inc.’s holdings in Comcast were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. IFP Advisors Inc increased its holdings in shares of Comcast by 4.1% during the 4th quarter. IFP Advisors Inc now owns 42,222 shares of the cable giant’s stock worth $1,585,000 after purchasing an additional 1,645 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Comcast by 13.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 374,829 shares of the cable giant’s stock worth $14,067,000 after purchasing an additional 45,196 shares during the period. Lake Street Advisors Group LLC increased its holdings in shares of Comcast by 4.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 44,944 shares of the cable giant’s stock worth $1,687,000 after purchasing an additional 1,751 shares during the period. Finally, Advisor OS LLC increased its holdings in shares of Comcast by 117.6% during the 4th quarter. Advisor OS LLC now owns 26,599 shares of the cable giant’s stock worth $998,000 after purchasing an additional 14,374 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMCSA shares. Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Citigroup lowered their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Finally, Scotiabank reissued a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

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’s 50 day moving average is $34.55 and its 200-day moving average is $35.70. The firm has a market capitalization 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 current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the business earned $1.04 earnings per share. Comcast’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.79%. Comcast’s payout ratio is 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.