CHICAGO TRUST Co NA Trims Position in Comcast Co. (NASDAQ:CMCSA)

CHICAGO TRUST Co NA trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds have also made changes to their positions in CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the 4th quarter worth $1,654,000. Golden State Wealth Management LLC acquired a new stake in shares of Comcast during the 4th quarter worth $143,000. Vest Financial LLC increased its holdings in Comcast by 19.0% in the 4th quarter. Vest Financial LLC now owns 38,937 shares of the cable giant’s stock valued at $1,461,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in Comcast by 8.3% in the fourth quarter. Apollon Wealth Management LLC now owns 119,836 shares of the cable giant’s stock valued at $4,497,000 after purchasing an additional 9,182 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Argus lowered Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Citigroup cut their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Up 1.4%

Shares of NASDAQ CMCSA opened at $34.70 on Monday. The firm has a market cap of $129.56 billion, a price-to-earnings ratio of 8.36, a PEG 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 stock’s 50-day simple moving average is $34.39 and its 200-day simple 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 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. As a group, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.80%. Comcast’s dividend payout ratio (DPR) is 32.43%.

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.