Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,497 shares of the cable giant's stock after selling 8,808 shares during the quarter. Scotia Capital Inc.'s holdings in Comcast were worth $9,944,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cheviot Value Management LLC increased its holdings in Comcast by 69.6% in the first quarter. Cheviot Value Management LLC now owns 470,207 shares of the cable giant's stock valued at $16,199,000 after buying an additional 192,900 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its position in shares of Comcast by 0.8% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 132,433 shares of the cable giant's stock worth $4,887,000 after acquiring an additional 1,115 shares in the last quarter. J. Safra Sarasin Holding AG increased its holdings in shares of Comcast by 50.6% in the 1st quarter. J. Safra Sarasin Holding AG now owns 55,022 shares of the cable giant's stock valued at $2,030,000 after acquiring an additional 18,476 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Comcast by 27.4% during the 1st quarter. Bank of Nova Scotia now owns 1,386,949 shares of the cable giant's stock worth $51,178,000 after acquiring an additional 298,034 shares in the last quarter. Finally, Aviso Wealth Management lifted its stake in Comcast by 8.3% during the first quarter. Aviso Wealth Management now owns 43,754 shares of the cable giant's stock worth $1,615,000 after purchasing an additional 3,340 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMCSA. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. TD Cowen decreased their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Arete Research upgraded shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.77.

Comcast Stock Performance

Shares of CMCSA opened at $32.52 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a 50-day simple moving average of $34.79 and a 200-day simple moving average of $35.09. The company has a market capitalization of $121.42 billion, a PE ratio of 5.38, a P/E/G ratio of 1.57 and a beta of 0.92.

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. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.1%. Comcast's dividend payout ratio is 21.82%.

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.

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