Coastline Trust Co decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,756 shares of the cable giant’s stock after selling 12,090 shares during the period. Comcast comprises 1.6% of Coastline Trust Co’s investment portfolio, making the stock its 4th biggest position. Coastline Trust Co’s holdings in Comcast were worth $8,670,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its position in Comcast by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the last quarter. First Bank & Trust boosted its holdings in Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the last quarter. Zions Bancorporation boosted its holdings in Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. Founders Capital Management acquired a new position in Comcast in the 1st quarter valued at about $113,000. Finally, Pacific Center for Financial Services boosted its holdings in Comcast by 133.0% in the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after purchasing an additional 1,788 shares during the last quarter. 82.50% of the stock is owned by institutional investors.
CMCSA has been the topic of several recent analyst reports. UBS reiterated an “overweight” rating on shares of Comcast in a report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a report on Friday, September 1st. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Moffett Nathanson upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.93.
Comcast Corporation (NASDAQ:CMCSA) traded down $0.89 during mid-day trading on Wednesday, hitting $38.63. 25,405,646 shares of the stock traded hands, compared to its average volume of 20,229,947. Comcast Corporation has a one year low of $34.03 and a one year high of $42.18. The firm has a market cap of $188,446.44, a PE ratio of 20.01, a PEG ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. equities research analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.63%. Comcast’s dividend payout ratio is presently 30.36%.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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