Credit Agricole S A Trims Holdings in Comcast Corporation $CMCSA

Credit Agricole S A trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 52.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,682,035 shares of the cable giant’s stock after selling 1,862,073 shares during the period. Credit Agricole S A’s holdings in Comcast were worth $62,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC raised its holdings in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after buying an additional 285 shares during the period. Toth Financial Advisory Corp grew its position in Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC increased its stake in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Comcast by 0.6% in the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock worth $1,999,000 after purchasing an additional 310 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its stake in shares of Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock valued at $690,000 after purchasing an additional 318 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.1%

Shares of NASDAQ CMCSA opened at $33.43 on Tuesday. The stock has a market cap of $123.43 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 2.01 and a beta of 0.92. The business has a 50 day simple moving average of $34.33 and a 200 day simple moving average of $34.78. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. On average, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. Comcast’s payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Friday, April 25th. Moffett Nathanson raised their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Citigroup dropped their price target on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Rothschild & Co Redburn dropped their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.73.

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.