Coastline Trust Co decreased its position in Comcast Co. (NASDAQ:CMCSA) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,654 shares of the cable giant’s stock after selling 26,259 shares during the quarter. Comcast accounts for about 1.1% of Coastline Trust Co’s holdings, making the stock its 12th biggest holding. Coastline Trust Co’s holdings in Comcast were worth $7,243,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. USS Investment Management Ltd lifted its holdings in Comcast by 7.3% during the 1st quarter. USS Investment Management Ltd now owns 6,208,145 shares of the cable giant’s stock valued at $248,109,000 after buying an additional 423,687 shares in the last quarter. Bath Savings Trust Co purchased a new position in Comcast during the 2nd quarter valued at about $314,000. Cox Capital Mgt LLC increased its position in Comcast by 1.8% during the 2nd quarter. Cox Capital Mgt LLC now owns 34,347 shares of the cable giant’s stock valued at $1,452,000 after purchasing an additional 617 shares during the period. Private Trust Co. NA increased its position in Comcast by 5.8% during the 2nd quarter. Private Trust Co. NA now owns 48,307 shares of the cable giant’s stock valued at $2,042,000 after purchasing an additional 2,660 shares during the period. Finally, Private Asset Management Inc. purchased a new position in Comcast during the 2nd quarter valued at about $202,000. 82.82% of the stock is currently owned by hedge funds and other institutional investors.
CMCSA opened at $45.57 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day moving average price of $45.43 and a 200 day moving average price of $43.39. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27. The stock has a market cap of $208.75 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.26 and a beta of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, October 1st. Comcast’s dividend payout ratio is currently 32.94%.
A number of research analysts have commented on the stock. Wells Fargo & Co assumed coverage on shares of Comcast in a research report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 target price on the stock. Sanford C. Bernstein assumed coverage on shares of Comcast in a research report on Tuesday, October 15th. They set a “market perform” rating and a $50.00 target price on the stock. Citigroup raised their target price on shares of Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Thursday, September 5th. Finally, Pivotal Research raised their target price on shares of Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. Comcast has an average rating of “Buy” and a consensus target price of $49.06.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at $151,222.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the transaction, the director now owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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