Vickerman Investment Advisors Inc. Sells 1,868 Shares of Comcast Corporation (NASDAQ:CMCSA)

Vickerman Investment Advisors Inc. cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,822 shares of the cable giant’s stock after selling 1,868 shares during the period. Vickerman Investment Advisors Inc.’s holdings in Comcast were worth $658,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in Comcast in the first quarter worth $26,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast during the fourth quarter valued at about $33,000. Global Wealth Strategies & Associates raised its stake in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast during the fourth quarter valued at about $36,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMCSA shares. BNP Paribas Exane lowered their price objective on shares of Comcast from $31.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, April 25th. Bernstein Bank lowered their price objective on shares of Comcast from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. New Street Research lowered their price objective on shares of Comcast from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $40.96.

Comcast Trading Up 0.3%

NASDAQ:CMCSA opened at $35.93 on Friday. The company’s 50 day moving average price is $34.81 and its 200-day moving average price is $35.50. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 firm had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts forecast 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, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, July 2nd. 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.