Baxter Bros Inc. Sells 20,564 Shares of Comcast Corporation $CMCSA

Baxter Bros Inc. cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,485 shares of the cable giant’s stock after selling 20,564 shares during the quarter. Baxter Bros Inc.’s holdings in Comcast were worth $4,854,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Freedom Investment Management Inc. increased its stake in Comcast by 8.2% in the first quarter. Freedom Investment Management Inc. now owns 8,630 shares of the cable giant’s stock valued at $318,000 after acquiring an additional 657 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Comcast by 168.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,252 shares of the cable giant’s stock valued at $305,000 after purchasing an additional 5,173 shares in the last quarter. Apexium Financial LP boosted its holdings in Comcast by 9.0% during the 1st quarter. Apexium Financial LP now owns 14,859 shares of the cable giant’s stock valued at $548,000 after acquiring an additional 1,232 shares during the period. Finally, Talisman Wealth Advisors LLC purchased a new stake in shares of Comcast during the first quarter worth about $208,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMCSA shares. Williams Trading set a $40.00 target price on Comcast in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, November 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. Daiwa Capital Markets reduced their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Finally, Morgan Stanley reduced their target price on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Trading Down 1.0%

NASDAQ:CMCSA opened at $29.26 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $106.62 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 2.03 and a beta of 0.83. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $38.46. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $31.57.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio is currently 21.96%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.