Comcast Corporation $CMCSA Shares Sold by Glenview Trust co

Key Points

• Glenview Trust Co has reduced its stake in Comcast by 40.1%, owning 120,761 shares valued at $4.46 million after selling 80,867 shares in the first quarter.
• Comcast announced a quarterly dividend of $0.33, representing a 3.9% yield, to be paid on October 22nd, with investors of record on October 1st.
• Analysts have issued mixed ratings on Comcast, with an average price target of $40.56 and various adjustments, impacting perceptions of its stock performance.

Glenview Trust co lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 40.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,761 shares of the cable giant's stock after selling 80,867 shares during the quarter. Glenview Trust co's holdings in Comcast were worth $4,456,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Dodge & Cox grew its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock valued at $1,326,912,000 after buying an additional 4,991,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock worth $977,880,000 after purchasing an additional 497,829 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Comcast during the 1st quarter worth $940,015,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.6%

Shares of CMCSA opened at $33.48 on Thursday. 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 firm has a market capitalization of $123.62 billion, a P/E ratio of 5.53, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The stock's fifty day simple moving average is $33.90 and its 200 day simple moving average is $34.64. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. On average, equities research 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. Investors of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is 21.82%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. Barclays reduced their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Benchmark reissued a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Rosenblatt Securities increased their price target on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. UBS Group reduced their price target on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Finally, Sanford C. Bernstein reduced their price target on Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.56.

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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