Comcast Corporation $CMCSA Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,700 shares of the cable giant’s stock after purchasing an additional 5,029 shares during the quarter. Diversified Trust Co’s holdings in Comcast were worth $8,983,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Comcast during the 1st quarter worth $940,015,000. Dodge & Cox boosted its holdings in Comcast by 19.1% in 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 during the period. Pacer Advisors Inc. boosted its holdings 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 valued at $488,140,000 after acquiring an additional 12,586,329 shares during the period. KBC Group NV lifted its holdings in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after buying an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CMCSA. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. UBS Group lowered their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.56.

Comcast Trading Down 0.2%

Shares of CMCSA stock opened at $31.59 on Friday. The firm has a market capitalization of $116.64 billion, a PE ratio of 5.22, a PEG ratio of 1.89 and a beta of 0.93. 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 stock has a fifty day simple moving average of $33.45 and a two-hundred day simple moving average of $34.48.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

Comcast 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.