Comcast Co. (NASDAQ:CMCSA) Stock Position Trimmed by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 370,451 shares of the cable giant’s stock after selling 33,213 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Comcast were worth $15,474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Steph & Co. lifted its position 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 purchasing an additional 371 shares during the period. Fairscale Capital LLC acquired a new position in Comcast during the second quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at about $32,000. Financial Synergies Wealth Advisors Inc. grew its stake in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% in 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 in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $41.40 on Thursday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a 50-day simple moving average of $39.94 and a 200 day simple moving average of $39.48. 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 capitalization of $162.44 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Evercore ISI lowered their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target for the company. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.55.

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.