Sanibel Captiva Trust Company Inc. Has $10.84 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Sanibel Captiva Trust Company Inc. reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,624 shares of the cable giant's stock after selling 67,831 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Comcast were worth $10,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CMCSA. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the fourth quarter valued at $28,000. Retirement Wealth Solutions LLC lifted its stake in Comcast by 126.9% in 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 in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Comcast during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. 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 report on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Up 0.3%

Shares of CMCSA stock traded up $0.09 on Thursday, reaching $35.27. 14,182,457 shares of the stock were exchanged, compared to its average volume of 22,047,683. 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 stock has a market cap of $131.69 billion, a PE ratio of 8.50, a P/E/G ratio of 1.78 and a beta of 0.95. The stock has a 50 day moving average price of $34.38 and a 200 day moving average price of $36.26. Comcast Co. has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal 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 3.74%. The ex-dividend date 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.