Nixon Peabody Trust Co. Has $487,000 Position in Comcast Co. (NASDAQ:CMCSA)

Nixon Peabody Trust Co. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 80.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,199 shares of the cable giant's stock after selling 52,998 shares during the quarter. Nixon Peabody Trust Co.'s holdings in Comcast were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Promus Capital LLC acquired a new position in Comcast in the fourth quarter worth $25,000. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth about $28,000. Retirement Wealth Solutions LLC grew its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Comcast in the 4th quarter valued at about $33,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. Citigroup lowered their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.6%

Shares of CMCSA traded down $0.22 during midday trading on Thursday, hitting $34.22. The stock had a trading volume of 18,842,245 shares, compared to its average volume of 22,029,303. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $127.77 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $36.54. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. On average, analysts anticipate that Comcast Co. 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. Shareholders 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 yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

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.