Boston Trust Walden Corp Has $48.16 Million Position in Comcast Corporation $CMCSA

Key Points

• Boston Trust Walden Corp has decreased its holdings in Comcast Corporation by 19.1%, reducing its stock ownership to approximately $48.16 million after selling 317,641 shares in the last quarter.
• Institutional investors own 84.32% of Comcast's stock, reflecting strong interest from various financial firms, including a significant 19.1% increase in shares owned by Dodge & Cox.
• Comcast's recent quarterly earnings showed an EPS of $0.77 with a revenue of $30.34 billion, and it has announced a quarterly dividend of $0.33, indicating a dividend yield of 4.4%.

Boston Trust Walden Corp reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 19.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,349,467 shares of the cable giant's stock after selling 317,641 shares during the period. Boston Trust Walden Corp's holdings in Comcast were worth $48,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Dodge & Cox boosted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock worth $1,240,955,000 after buying an additional 926,663 shares during the period. Nuveen LLC acquired a new position in shares of Comcast during the first quarter worth about $940,015,000. Harris Associates L P boosted its position in shares of Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant's stock worth $759,938,000 after buying an additional 111,662 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant's stock worth $746,980,000 after buying an additional 427,705 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays reduced their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Loop Capital reduced their price target on Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. KeyCorp reduced their price target on Comcast from $45.00 to $43.00 and set an "overweight" rating for the company in a research report on Friday, October 3rd. Morgan Stanley set a $35.00 price target on Comcast and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Comcast in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.94.

Comcast Price Performance

NASDAQ:CMCSA opened at $29.99 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock's 50 day moving average price is $32.37 and its two-hundred day moving average price is $33.83. The firm has a market capitalization of $110.73 billion, a price-to-earnings ratio of 4.96, a P/E/G ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.39 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm 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 4.4%. Comcast's dividend payout ratio is currently 21.82%.

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.

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