American Trust Sells 11,540 Shares of Comcast Corporation $CMCSA

Key Points

• American Trust has decreased its stake in Comcast Corporation by 14.7%, selling 11,540 shares and now holding 66,791 shares valued at approximately $2.47 million.
• Comcast recently announced a quarterly dividend of $0.33 per share, with a yield of 3.9%, to be paid on October 22nd.
• Analysts have set new price targets for Comcast, with revisions including a raise from $37.00 to $38.00 and other targets ranging between $36.00 and $45.00.

American Trust lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,791 shares of the cable giant's stock after selling 11,540 shares during the period. American Trust's holdings in Comcast were worth $2,465,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of Comcast in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA opened at $34.00 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $125.54 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 2.03 and a beta of 0.93. The stock has a 50 day moving average of $34.00 and a 200 day moving average of $34.65. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business posted $1.21 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current 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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. 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

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities raised their target price on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. UBS Group decreased their price target on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Finally, Benchmark reaffirmed a "buy" rating on shares of Comcast in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of "Hold" and an average price target of $40.63.

Comcast 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.

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