Comcast Co. (NASDAQ:CMCSA) Shares Sold by First County Bank CT

First County Bank CT decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,283 shares of the cable giant’s stock after selling 798 shares during the period. First County Bank CT’s holdings in Comcast were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. lifted its stake in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC lifted its stake in Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Macquarie raised their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Trading Down 0.1 %

Shares of CMCSA opened at $43.47 on Friday. The business’s 50-day moving average price is $41.98 and its 200 day moving average price is $40.03. The stock has a market capitalization of $166.34 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.60 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. Comcast’s payout ratio is presently 33.33%.

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.