Comcast Co. (NASDAQ:CMCSA) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,828 shares of the cable giant’s stock after selling 370 shares during the period. Peoples Financial Services CORP.’s holdings in Comcast were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Steph & Co. boosted its position in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC purchased a new position in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast during the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% in the 2nd 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. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.45 during trading hours on Wednesday, reaching $42.56. 1,406,542 shares of the stock were exchanged, compared to its average volume of 19,579,910. 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 firm has a 50 day simple moving average of $40.11 and a 200-day simple moving average of $39.43. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market capitalization of $166.99 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. Comcast’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. 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

Several brokerages have issued reports on CMCSA. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, KeyCorp reduced their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $45.55.

Comcast 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.