Comcast Co. (NASDAQ:CMCSA) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,085 shares of the cable giant’s stock after selling 313 shares during the period. CHICAGO TRUST Co NA’s holdings in Comcast were worth $1,627,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in Comcast in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ CMCSA opened at $34.70 on Monday. The stock has a market capitalization of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The business’s fifty day moving average is $34.39 and its two-hundred day moving average is $36.33. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company 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 firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. On average, research analysts forecast that Comcast Co. 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, 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 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is 32.43%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Argus cut Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

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.