Diversified Trust Co. Has $3.56 Million Holdings in Comcast Corporation $CMCSA

Key Points

• Diversified Trust Co. reduced its Comcast stake by 26.8% in the second quarter, selling 53,128 shares and retaining 144,812 shares valued at approximately $3.56 million. Institutional investors collectively own 84.32% of Comcast.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $32.96; ratings range from “Sell” to “Buy.”
• Comcast exceeded quarterly earnings and revenue expectations, reporting $1.04 EPS and $29.94 billion in revenue, while revenue declined 1.2% year over year. The company also announced a quarterly dividend of $0.33 per share, representing a 5.0% annualized yield.

Diversified Trust Co. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 26.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,812 shares of the cable giant's stock after selling 53,128 shares during the quarter. Diversified Trust Co.'s holdings in Comcast were worth $3,555,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CMCSA. Allied Private Wealth LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. Imprint Wealth LLC acquired a new position in Comcast during the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the 4th quarter valued at about $27,000. Whipplewood Advisors LLC raised its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock valued at $27,000 after buying an additional 401 shares during the period. Finally, Main Street Group LTD bought a new position in shares of Comcast during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an "underweight" rating in a report on Friday, July 24th. UBS Group restated a "neutral" rating on shares of Comcast in a research report on Tuesday, June 23rd. Seaport Research Partners upgraded shares of Comcast from a "neutral" rating to a "buy" rating in a report on Thursday, July 2nd. Moffett Nathanson lowered their price objective on Comcast from $53.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday, June 16th. Finally, Evercore raised their price objective on shares of Comcast from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $32.96.

Comcast Stock Performance

CMCSA opened at $26.19 on Friday. Comcast Corporation has a 1-year low of $21.28 and a 1-year high of $34.45. The company has a market cap of $92.94 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.49 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company's fifty day moving average price is $23.85 and its two-hundred day moving average price is $26.89.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Comcast's revenue was down 1.2% compared to the same quarter last year. On average, analysts expect that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast's dividend payout ratio (DPR) is 42.72%.

Comcast Profile

Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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