Vontobel Holding Ltd. Sells 159,868 Shares of Comcast Corporation $CMCSA

Vontobel Holding Ltd. cut its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,941 shares of the cable giant's stock after selling 159,868 shares during the period. Vontobel Holding Ltd.'s holdings in Comcast were worth $35,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter worth approximately $26,000. Cranbrook Wealth Management LLC lifted its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock worth $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC increased its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC acquired a new position in Comcast during the first quarter valued at $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast during the first quarter worth about $29,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays dropped their target price on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Comcast in a research report on Saturday, September 27th. Rosenblatt Securities lifted their target price on shares of Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Rothschild & Co Redburn decreased their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Citigroup reiterated a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $39.94.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $30.77 on Thursday. The company's fifty day moving average price is $32.60 and its 200 day moving average price is $34.05. The firm has a market capitalization of $113.61 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.82 and a beta of 0.94. Comcast Corporation has a 12 month low of $30.30 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS 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 during the quarter, compared to analysts' expectations of $29.81 billion. During the same quarter last year, the business earned $1.21 EPS. The business's revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

Comcast 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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