Boston Trust Walden Corp Sells 317,641 Shares of Comcast Corporation $CMCSA

Boston Trust Walden Corp lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,349,467 shares of the cable giant’s stock after selling 317,641 shares during the period. Boston Trust Walden Corp’s holdings in Comcast were worth $48,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. TD Asset Management Inc increased its stake in shares of Comcast by 2.4% during the second quarter. TD Asset Management Inc now owns 2,924,535 shares of the cable giant’s stock worth $104,377,000 after purchasing an additional 68,341 shares during the period. Morningstar Investment Management LLC increased its stake in Comcast by 24.9% during the 2nd quarter. Morningstar Investment Management LLC now owns 230,556 shares of the cable giant’s stock worth $8,229,000 after acquiring an additional 45,926 shares during the period. RFG Advisory LLC increased its stake in Comcast by 0.8% during the 2nd quarter. RFG Advisory LLC now owns 64,998 shares of the cable giant’s stock worth $2,320,000 after acquiring an additional 510 shares during the period. Axxcess Wealth Management LLC increased its stake in Comcast by 6.7% during the 2nd quarter. Axxcess Wealth Management LLC now owns 118,579 shares of the cable giant’s stock worth $4,232,000 after acquiring an additional 7,443 shares during the period. Finally, Moran Wealth Management LLC bought a new position in Comcast during the 2nd quarter worth $5,297,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.0%

Shares of CMCSA opened at $29.99 on Wednesday. The company has a market capitalization of $110.73 billion, a PE ratio of 4.96, a PEG ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 12 month low of $29.39 and a 12 month high of $45.31. The stock’s 50-day moving average price is $32.37 and its two-hundred day moving average price is $33.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced 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 yield of 4.4%. Comcast’s payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup restated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Sanford C. Bernstein lowered their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. UBS Group set a $43.00 price objective on Comcast in a research note on Friday, October 3rd. Loop Capital lowered their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Company 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.