Comcast Corporation $CMCSA Shares Sold by Riverview Trust Co

Riverview Trust Co lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 62.9% during the second quarter, HoldingsChannel reports. The firm owned 2,590 shares of the cable giant’s stock after selling 4,395 shares during the period. Riverview Trust Co’s holdings in Comcast were worth $92,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. GAMMA Investing LLC lifted its stake in shares of Comcast by 2,193.1% in the 1st quarter. GAMMA Investing LLC now owns 1,164,564 shares of the cable giant’s stock valued at $42,972,000 after purchasing an additional 1,113,779 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Comcast by 75.2% during the 1st quarter. Merit Financial Group LLC now owns 116,727 shares of the cable giant’s stock valued at $4,307,000 after acquiring an additional 50,100 shares during the last quarter. RFG Advisory LLC raised its position in shares of Comcast by 120.4% in the first quarter. RFG Advisory LLC now owns 64,488 shares of the cable giant’s stock valued at $2,380,000 after purchasing an additional 35,227 shares during the period. Finally, Romano Brothers AND Company grew its stake in Comcast by 12.7% in the 1st quarter. Romano Brothers AND Company now owns 6,638 shares of the cable giant’s stock valued at $245,000 after buying an additional 750 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CMCSA shares. Royal Bank Of Canada started coverage on Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price on the stock. Bank of America decreased their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley dropped their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, Loop Capital decreased their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.07.

Comcast Price Performance

NASDAQ CMCSA opened at $30.94 on Thursday. Comcast Corporation has a 52-week low of $30.90 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 business has a 50 day simple moving average of $32.89 and a 200 day simple moving average of $34.24. The stock has a market cap of $114.24 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.

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.