Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 30.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,667,108 shares of the cable giant's stock after selling 724,847 shares during the period. Boston Trust Walden Corp's holdings in Comcast were worth $61,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CMCSA. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. acquired a new stake in shares of Comcast during the fourth quarter worth about $743,681,000. Amundi boosted its stake in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after buying an additional 14,369,056 shares during the period. Capital World Investors boosted its stake in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.8%

Shares of Comcast stock opened at $34.26 on Thursday. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $127.92 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a 50-day moving average of $34.48 and a two-hundred day moving average of $35.98.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.85%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

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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