Perkins Coie Trust Co Has $3.21 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Perkins Coie Trust Co lessened its holdings in Comcast Co. (NASDAQ:CMCSAFree Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,046 shares of the cable giant’s stock after selling 4,653 shares during the quarter. Perkins Coie Trust Co’s holdings in Comcast were worth $3,209,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Steph & Co. raised its position in Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the 4th quarter worth $28,000. Pineridge Advisors LLC bought a new position in Comcast during the 4th quarter worth $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA remained flat at $38.48 on Monday. The company’s stock had a trading volume of 19,433,913 shares, compared to its average volume of 20,536,941. The stock’s 50 day simple moving average is $38.79 and its two-hundred day simple moving average is $41.49. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a market cap of $150.98 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the company earned $0.92 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. Comcast’s dividend payout ratio is currently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Macquarie lowered their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.83.

Check Out Our Latest Report on Comcast

Comcast Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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