Coastline Trust Co Has $810,000 Holdings in Comcast Corporation $CMCSA

Coastline Trust Co trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.2% during the second quarter, Holdings Channel.com reports. The firm owned 22,707 shares of the cable giant’s stock after selling 507 shares during the period. Coastline Trust Co’s holdings in Comcast were worth $810,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMCSA. Nuveen LLC acquired a new position in shares of Comcast during the first quarter worth approximately $940,015,000. Dodge & Cox lifted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. KBC Group NV lifted its position in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Rosenblatt Securities increased their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Barclays cut their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $40.19.

Comcast Stock Up 0.3%

Shares of NASDAQ:CMCSA opened at $31.72 on Friday. Comcast Corporation has a 52 week low of $31.03 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $117.12 billion, a PE ratio of 5.24, a PEG ratio of 1.90 and a beta of 0.93. The company has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $34.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating 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 firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.2%. Comcast’s dividend payout ratio is presently 21.82%.

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.