Wilmington Savings Fund Society FSB Cuts Holdings in Comcast Corporation $CMCSA

Wilmington Savings Fund Society FSB lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,254,596 shares of the cable giant’s stock after selling 11,756 shares during the quarter. Comcast comprises 5.2% of Wilmington Savings Fund Society FSB’s investment portfolio, making the stock its 2nd biggest holding. Wilmington Savings Fund Society FSB owned about 0.22% of Comcast worth $294,607,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Comcast during the 1st quarter worth about $940,015,000. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the 1st 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 in the last quarter. Pacer Advisors Inc. boosted its position in shares of Comcast by 1,959.3% during the 1st 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 in the last quarter. KBC Group NV boosted its position in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.2%

CMCSA opened at $29.41 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a fifty-two week low of $29.39 and a fifty-two week high of $45.31. The firm has a market capitalization of $108.59 billion, a PE ratio of 4.86, a P/E/G ratio of 1.74 and a beta of 0.94. The company’s 50-day moving average is $32.42 and its 200 day moving average is $33.85.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 21.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. Barclays cut their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Benchmark reissued a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Finally, Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $39.94.

Comcast Company 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.