Comcast Corporation $CMCSA Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 39.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 474,658 shares of the cable giant’s stock after selling 313,508 shares during the period. Welch & Forbes LLC’s holdings in Comcast were worth $16,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Group Inc. increased its stake in shares of Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the period. Argyle Capital Management LLC boosted its position in shares of Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the period. Clearstead Trust LLC grew its holdings in Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares in the last quarter. Webster Bank N. A. increased its position in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares during the period. Finally, United Asset Strategies Inc. raised its stake in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after acquiring an additional 308 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ CMCSA opened at $27.83 on Friday. The stock has a market capitalization of $102.75 billion, a P/E ratio of 4.63, a P/E/G ratio of 1.65 and a beta of 0.94. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $45.31. The business’s fifty day moving average is $31.40 and its two-hundred day moving average is $33.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, research analysts forecast 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, February 4th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio is currently 21.82%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Barclays dropped their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Evercore ISI decreased their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday. Scotiabank lowered their price objective on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Bank of America cut their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.74.

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.