Equitable Trust Co. Sells 2,280 Shares of Comcast Co. (NASDAQ:CMCSA)

Equitable Trust Co. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 13.8% in the 2nd quarter, Holdings Channel reports. The firm owned 14,230 shares of the cable giant’s stock after selling 2,280 shares during the period. Equitable Trust Co.’s holdings in Comcast were worth $557,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Comcast in the fourth quarter valued at approximately $2,542,988,000. Capital World Investors boosted its holdings in shares of Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after buying an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after buying an additional 4,714,586 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. KeyCorp reduced their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $45.78.

Comcast Stock Performance

NASDAQ:CMCSA opened at $39.57 on Monday. The stock has a market cap of $153.23 billion, a P/E ratio of 10.47, a PEG ratio of 1.05 and a beta of 1.00. The stock has a 50 day simple moving average of $39.14 and a 200 day simple moving average of $39.89. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results 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 business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. Research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

About Comcast

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.