Boyar Asset Management Inc. Sells 6,147 Shares of Comcast Corporation (NASDAQ:CMCSA)

Boyar Asset Management Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,132 shares of the cable giant’s stock after selling 6,147 shares during the quarter. Comcast accounts for 2.4% of Boyar Asset Management Inc.’s investment portfolio, making the stock its 10th largest holding. Boyar Asset Management Inc.’s holdings in Comcast were worth $3,326,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMCSA. Brighton Jones LLC boosted its position 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 in the last quarter. IFP Advisors Inc lifted its stake in shares of Comcast by 4.1% in the fourth quarter. IFP Advisors Inc now owns 42,222 shares of the cable giant’s stock valued at $1,585,000 after purchasing an additional 1,645 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Comcast by 13.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 374,829 shares of the cable giant’s stock worth $14,067,000 after buying an additional 45,196 shares in the last quarter. Lake Street Advisors Group LLC grew its position in Comcast by 4.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 44,944 shares of the cable giant’s stock worth $1,687,000 after buying an additional 1,751 shares during the period. Finally, Advisor OS LLC grew its position in Comcast by 117.6% during the fourth quarter. Advisor OS LLC now owns 26,599 shares of the cable giant’s stock worth $998,000 after buying an additional 14,374 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 1.1%

NASDAQ CMCSA opened at $34.84 on Thursday. The company has a 50-day moving average of $34.55 and a 200-day moving average of $35.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a market cap of $130.08 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.70 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 earnings per share 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 the consensus estimate of $29.82 billion. During the same quarter last year, the firm posted $1.04 earnings per share. Comcast’s revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CMCSA shares. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $37.00 target price on Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 target price on Comcast in a report on Friday, April 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Finally, Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Company 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.