Colonial Trust Advisors Decreases Holdings in Comcast Corporation $CMCSA

Colonial Trust Advisors decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 41.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,492 shares of the cable giant’s stock after selling 52,259 shares during the period. Colonial Trust Advisors’ holdings in Comcast were worth $2,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Comcast during the second quarter valued at about $3,528,361,000. Dodge & Cox lifted its stake in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. First Trust Advisors LP boosted its holdings in Comcast by 133.1% during the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC grew its position in Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. Finally, State Street Corp increased its stake in Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.1%

Shares of CMCSA opened at $31.61 on Wednesday. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average price is $29.81 and its 200-day moving average price is $30.03. The firm has a market capitalization of $113.73 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 2.47 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price target (down from $39.00) on shares of Comcast in a research report on Friday, October 31st. Citigroup reissued a “buy” rating and issued a $33.00 price target (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Loop Capital lowered their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, BNP Paribas Exane lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is owned by corporate insiders.

Comcast Company Profile

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.