Comcast Co. (NASDAQ:CMCSA) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,588 shares of the cable giant’s stock after selling 698 shares during the period. Summit Trail Advisors LLC’s holdings in Comcast were worth $2,059,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in Comcast by 10.3% in the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after purchasing an additional 21,112 shares during the last quarter. Avantax Planning Partners Inc. grew its holdings in shares of Comcast by 4.5% during the 4th quarter. Avantax Planning Partners Inc. now owns 11,980 shares of the cable giant’s stock worth $525,000 after purchasing an additional 521 shares during the period. HCR Wealth Advisors acquired a new stake in shares of Comcast during the 4th quarter worth about $228,000. Finally, Congress Wealth Management LLC DE raised its holdings in Comcast by 21.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 29,370 shares of the cable giant’s stock valued at $1,288,000 after buying an additional 5,230 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.4 %

Shares of NASDAQ:CMCSA opened at $40.11 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm’s 50 day moving average price is $39.57 and its 200 day moving average price is $39.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $157.38 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. As a group, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm 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 $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s payout ratio is currently 32.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMCSA. Evercore ISI dropped their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. KeyCorp dropped their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.78.

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.