Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by Diversified Trust Co

Diversified Trust Co raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 246,671 shares of the cable giant's stock after purchasing an additional 23,104 shares during the period. Diversified Trust Co's holdings in Comcast were worth $9,102,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Capital World Investors lifted its stake in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in Comcast during the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC lifted its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after buying an additional 1,006,272 shares in the last quarter. Dodge & Cox grew its stake in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after buying an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA opened at $35.21 on Friday. The company has a market capitalization of $131.46 billion, a P/E ratio of 8.65, a PEG ratio of 1.68 and a beta of 0.95. The company has a 50-day moving average of $34.58 and a 200-day moving average of $35.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company earned $1.04 earnings per share. Comcast's quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

A number of analysts recently weighed in on CMCSA shares. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research report on Thursday, April 10th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

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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