Trust Co. of Vermont Sells 30,416 Shares of Comcast Corporation (NASDAQ:CMCSA)

Trust Co. of Vermont reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,965 shares of the cable giant's stock after selling 30,416 shares during the period. Trust Co. of Vermont's holdings in Comcast were worth $7,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter worth about $743,681,000. Amundi raised its stake in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors raised its stake in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMCSA shares. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. 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 research report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Oppenheimer lowered their price target 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 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.21 on Friday. The company's fifty day simple moving average is $34.58 and its 200-day simple moving average is $35.67. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market cap of $131.46 billion, a PE ratio of 8.65, a P/E/G ratio of 1.68 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Comcast Corporation 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 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Comcast Company 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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