Comcast Corporation $CMCSA Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,777 shares of the cable giant’s stock after selling 36,971 shares during the period. Mill Capital Management LLC’s holdings in Comcast were worth $4,329,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. 1ST Source Bank grew its stake in shares of Comcast by 5.5% during the 1st quarter. 1ST Source Bank now owns 19,250 shares of the cable giant’s stock worth $553,000 after purchasing an additional 1,000 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Comcast by 17.1% in the first quarter. Checchi Capital Advisers LLC now owns 20,567 shares of the cable giant’s stock valued at $590,000 after purchasing an additional 2,999 shares during the period. Roberts Glore & Co. Inc. IL boosted its holdings in Comcast by 6.6% during the first quarter. Roberts Glore & Co. Inc. IL now owns 17,256 shares of the cable giant’s stock worth $495,000 after buying an additional 1,074 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Comcast by 17.3% during the first quarter. Hillsdale Investment Management Inc. now owns 39,550 shares of the cable giant’s stock worth $1,135,000 after buying an additional 5,820 shares in the last quarter. Finally, Avantax Planning Partners Inc. grew its position in Comcast by 14.7% during the first quarter. Avantax Planning Partners Inc. now owns 9,899 shares of the cable giant’s stock worth $284,000 after buying an additional 1,265 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 3.3%

Shares of NASDAQ CMCSA opened at $23.19 on Wednesday. The firm’s 50-day moving average is $24.14 and its two-hundred day moving average is $27.61. The company has a market capitalization of $82.84 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. Comcast Corporation has a 12-month low of $22.13 and a 12-month high of $36.01. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the company posted $1.09 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that Comcast Corporation will post 3.49 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.7%. Comcast’s dividend payout ratio (DPR) is presently 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and dropped their target price for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Wells Fargo & Company lowered their price target on Comcast from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, July 7th. Scotiabank raised their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Moffett Nathanson reduced their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, UBS Group reiterated a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.77.

About Comcast

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.