Comcast Corporation $CMCSA Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 982,141 shares of the cable giant’s stock after selling 367,326 shares during the period. Boston Trust Walden Corp’s holdings in Comcast were worth $30,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMCSA. QRG Capital Management Inc. boosted its stake in Comcast by 13.0% during the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares during the last quarter. Aberdeen Group plc raised its stake in shares of Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Comcast by 20.0% during the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock worth $2,928,000 after purchasing an additional 13,653 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock worth $37,954,000 after purchasing an additional 300,898 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $29.87 on Tuesday. The firm has a fifty day moving average of $28.02 and a 200-day moving average of $31.38. The company has a market cap of $108.83 billion, a price-to-earnings ratio of 4.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.4%. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMCSA. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Pivotal Research decreased their target price on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays dropped their price target on Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Evercore ISI decreased their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $35.92.

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.