Diversified Trust Co lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,879 shares of the cable giant’s stock after selling 505 shares during the quarter. Diversified Trust Co’s holdings in Comcast were worth $265,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of CMCSA. Commonwealth Equity Services LLC raised its stake in Comcast by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after acquiring an additional 19,495 shares during the period. Chesley Taft & Associates LLC raised its stake in Comcast by 4.0% during the second quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock worth $1,838,000 after acquiring an additional 1,675 shares during the period. Cibc Bank USA raised its stake in Comcast by 23.1% during the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock worth $1,145,000 after acquiring an additional 5,079 shares during the period. Cypress Capital Management LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $8,070,000. Finally, Crestline Management LP acquired a new stake in shares of Comcast in the second quarter valued at approximately $471,000. Institutional investors and hedge funds own 82.75% of the company’s stock.
CMCSA has been the topic of several analyst reports. ValuEngine lowered shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Pivotal Research raised their price target on shares of Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Co initiated coverage on shares of Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price target on the stock. Goldman Sachs Group upgraded shares of Comcast from a “neutral” rating to a “buy” rating and raised their price target for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Finally, Benchmark initiated coverage on shares of Comcast in a research note on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average price target of $48.70.
Comcast stock opened at $44.50 on Friday. The firm has a 50 day simple moving average of $45.06 and a 200-day simple moving average of $43.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $200.48 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $47.27.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue was up 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. On average, analysts forecast that Comcast Co. will post 3.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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