Plimoth Trust Co. LLC Sells 5,521 Shares of Comcast Corporation $CMCSA

Plimoth Trust Co. LLC lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,801 shares of the cable giant’s stock after selling 5,521 shares during the period. Plimoth Trust Co. LLC’s holdings in Comcast were worth $1,064,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Nuveen LLC acquired a new position in shares of Comcast during the 1st quarter worth approximately $940,015,000. Dodge & Cox boosted its position in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. boosted its position in Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV increased its holdings in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.6%

Shares of NASDAQ:CMCSA opened at $30.90 on Monday. The business’s 50 day simple moving average is $32.73 and its 200 day simple moving average is $34.13. Comcast Corporation has a 1 year low of $30.38 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $114.09 billion, a P/E ratio of 5.11, a P/E/G ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. KeyCorp reduced their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday. Rothschild & Co Redburn reduced their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Morgan Stanley decreased their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Barclays dropped their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Sanford C. Bernstein decreased their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.26.

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.