Diversified Trust Co Has $5.68 Million Stake in Comcast Corporation $CMCSA

Diversified Trust Co lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,940 shares of the cable giant’s stock after selling 74,459 shares during the period. Diversified Trust Co’s holdings in Comcast were worth $5,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the third quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast during the fourth quarter worth about $27,000. Olistico Wealth LLC bought a new stake in Comcast during the fourth quarter worth about $29,000. Finally, Richardson Financial Services Inc. boosted its position in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CMCSA. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Rosenblatt Securities decreased their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Finally, BNP Paribas Exane lowered their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.50.

Comcast Stock Performance

Comcast stock opened at $22.43 on Friday. Comcast Corporation has a 52 week low of $22.38 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.67. The stock has a 50-day simple moving average of $25.83 and a 200 day simple moving average of $28.19.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. Comcast’s payout ratio is presently 25.98%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.