Comcast Co. (NASDAQ:CMCSA) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,131 shares of the cable giant’s stock after selling 851 shares during the period. Perkins Coie Trust Co’s holdings in Comcast were worth $2,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMCSA. Steph & Co. lifted its holdings in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the last quarter. Fairscale Capital LLC bought a new position in Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the second quarter valued at approximately $27,000. IAG Wealth Partners LLC raised its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Stock Performance

CMCSA stock traded up $0.05 during mid-day trading on Wednesday, reaching $41.00. 1,491,504 shares of the stock traded hands, compared to its average volume of 19,772,543. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The business has a 50-day moving average of $39.94 and a two-hundred day moving average of $39.48. The firm has a market capitalization of $160.87 billion, a PE ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01.

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

Comcast Dividend Announcement

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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

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.