American Trust Investment Advisors LLC Has $1.27 Million Stock Position in Comcast Corporation $CMCSA

American Trust Investment Advisors LLC lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 40,439 shares of the cable giant’s stock after selling 55,311 shares during the quarter. American Trust Investment Advisors LLC’s holdings in Comcast were worth $1,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Cape Investment Advisory Inc. lifted its position in shares of Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the period. Titleist Asset Management LLC increased its position in shares of Comcast by 4.7% during the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after buying an additional 342 shares during the period. Lakeshore Capital Group Inc. increased its position in shares of Comcast by 2.6% during the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after buying an additional 343 shares during the period. Hengehold Capital Management LLC raised its stake in Comcast by 0.5% during the third quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock worth $2,601,000 after buying an additional 372 shares during the last quarter. Finally, Commonwealth Financial Services LLC lifted its holdings in Comcast by 4.6% in the third quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock valued at $265,000 after buying an additional 372 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $30.16 on Friday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $30.13 and a 200-day moving average price of $29.85. The company has a market cap of $108.51 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate 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, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on CMCSA. Citigroup reaffirmed a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Scotiabank lowered their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Morgan Stanley cut their target price on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th. Finally, Zacks Research downgraded Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Comcast 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.