Comcast Corporation (NASDAQ:CMCSA) Position Lifted by Washington Trust Bank

Washington Trust Bank boosted its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 20.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 317,198 shares of the cable giant's stock after buying an additional 53,418 shares during the period. Washington Trust Bank's holdings in Comcast were worth $11,705,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sculati Wealth Management LLC boosted its holdings in Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after purchasing an additional 285 shares in the last quarter. Beck Mack & Oliver LLC boosted its holdings in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after purchasing an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. boosted its holdings in Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Down 1.5%

Shares of Comcast stock traded down $0.55 during trading hours on Monday, hitting $35.44. The company's stock had a trading volume of 14,962,005 shares, compared to its average volume of 22,031,762. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The business has a fifty day moving average of $34.81 and a 200 day moving average of $35.49. The company has a market capitalization of $132.32 billion, a PE ratio of 8.71, a P/E/G ratio of 1.74 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

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

Comcast Announces Dividend

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 issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI decreased their price target on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. TD Cowen decreased their price target on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Finally, KeyCorp decreased their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of "Hold" and an average price target of $40.96.

About Comcast

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.