Chevy Chase Trust Holdings LLC Lowers Stock Holdings in Comcast Corporation $CMCSA

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Comcast Corporation by 0.6%, now holding approximately 1,983,659 shares valued at $70,797,000.
• Comcast recently announced a quarterly dividend of $0.33 per share, with a dividend yield of 4.5% and a payout ratio of 21.82%.
• The company's stock has an average target price of $39.94 according to analysts, with ratings ranging from Strong Buy to Sell.

Chevy Chase Trust Holdings LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,983,659 shares of the cable giant's stock after selling 11,201 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Comcast worth $70,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new stake in Comcast in the 1st quarter valued at about $26,000. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC boosted its position in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after buying an additional 671 shares during the period. Abound Financial LLC purchased a new stake in Comcast in the 1st quarter valued at about $29,000. Finally, Ransom Advisory Ltd purchased a new stake in Comcast in the 1st quarter valued at about $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.5%

NASDAQ CMCSA opened at $29.26 on Friday. 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 firm has a market cap of $108.03 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. The company has a 50 day moving average price of $32.27 and a 200 day moving average price of $33.74. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is 21.82%.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada started coverage on shares of Comcast in a research report on Monday, September 8th. They issued a "sector perform" rating and a $38.00 price target for the company. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. Barclays lowered their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Rosenblatt Securities upped their price target on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus target price of $39.94.

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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