Pacer Advisors Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 402,191 shares of the cable giant’s stock after selling 27,966 shares during the quarter. Comcast makes up about 0.4% of Pacer Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Pacer Advisors Inc.’s holdings in Comcast were worth $21,763,000 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. Arlington Partners LLC purchased a new position in Comcast during the fourth quarter valued at $30,000. Sterling Financial Planning Inc. purchased a new position in Comcast during the fourth quarter valued at $32,000. McCarthy Asset Management Inc. purchased a new position in Comcast during the fourth quarter valued at $34,000. ADE LLC purchased a new position in Comcast during the fourth quarter valued at $37,000. Finally, Accel Wealth Management purchased a new position in Comcast during the fourth quarter valued at $38,000. Institutional investors own 82.56% of the company’s stock.

In other Comcast news, Director Maritza Gomez Montiel sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $49.97, for a total transaction of $99,940.00. Following the completion of the sale, the director now owns 13,170 shares of the company’s stock, valued at $658,104.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.14% of the company’s stock.

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Comcast from $54.00 to $59.00 in a research note on Friday, January 29th. Macquarie lifted their target price on Comcast from $53.00 to $58.00 in a report on Thursday, January 14th. Morgan Stanley lifted their target price on Comcast from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, March 10th. Truist lifted their target price on Comcast from $50.00 to $60.00 in a report on Friday, January 29th. Finally, Benchmark lifted their target price on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.94.

NASDAQ:CMCSA traded down $0.15 during mid-day trading on Thursday, hitting $54.45. 301,339 shares of the company traded hands, compared to its average volume of 18,847,635. The stock’s fifty day moving average price is $54.82 and its 200-day moving average price is $50.19. Comcast Co. has a one year low of $34.17 and a one year high of $58.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The firm has a market cap of $249.42 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 28th. The cable giant reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $27.71 billion during the quarter, compared to analyst estimates of $26.79 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Comcast’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Wednesday, April 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, April 6th. This is a positive change from Comcast’s previous quarterly dividend of $0.23. Comcast’s payout ratio is currently 29.39%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

Featured Article: Blockchain

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.