Standard Family Office LLC Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Standard Family Office LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 43.5% in the 1st quarter, HoldingsChannel reports. The fund owned 1,572 shares of the cable giant’s stock after selling 1,211 shares during the quarter. Standard Family Office LLC’s holdings in Comcast were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC grew its position in Comcast by 7.4% in the fourth quarter. FMR LLC now owns 89,403,545 shares of the cable giant’s stock worth $4,684,747,000 after acquiring an additional 6,132,846 shares during the period. Norges Bank purchased a new position in Comcast in the fourth quarter worth approximately $2,713,360,000. Price T Rowe Associates Inc. MD grew its position in Comcast by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,738,347 shares of the cable giant’s stock worth $2,501,489,000 after acquiring an additional 173,132 shares during the period. Morgan Stanley grew its position in Comcast by 7.0% in the fourth quarter. Morgan Stanley now owns 37,933,210 shares of the cable giant’s stock worth $1,987,699,000 after acquiring an additional 2,487,384 shares during the period. Finally, Parnassus Investments CA grew its position in Comcast by 2.0% in the first quarter. Parnassus Investments CA now owns 22,092,441 shares of the cable giant’s stock worth $1,195,422,000 after acquiring an additional 442,089 shares during the period. Institutional investors own 82.98% of the company’s stock.

Comcast stock opened at $56.60 on Friday. Comcast Co. has a 1-year low of $37.77 and a 1-year high of $59.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $259.27 billion, a PE ratio of 22.37, a PEG ratio of 1.37 and a beta of 1.02. The company has a fifty day simple moving average of $55.69.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 13.75% and a net margin of 11.25%. The company had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. During the same period last year, the firm earned $0.77 earnings per share. Comcast’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Comcast Co. will post 2.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 28th. Shareholders of record on Wednesday, July 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, July 6th. Comcast’s dividend payout ratio is presently 38.31%.

In other news, Director Kenneth J. Bacon sold 3,966 shares of Comcast stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $58.83, for a total transaction of $233,319.78. Following the sale, the director now owns 33,611 shares in the company, valued at $1,977,335.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 4,031 shares of Comcast stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $56.89, for a total value of $229,323.59. Following the sale, the director now owns 29,580 shares in the company, valued at approximately $1,682,806.20. The disclosure for this sale can be found here. Insiders have sold 717,670 shares of company stock worth $39,636,593 in the last quarter. Insiders own 1.04% of the company’s stock.

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Credit Suisse Group raised their price target on Comcast from $61.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, March 18th. Pivotal Research raised their price target on Comcast from $65.00 to $70.00 in a research report on Friday, April 30th. TD Securities raised their price target on Comcast from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Finally, Wells Fargo & Company assumed coverage on Comcast in a research report on Tuesday, March 16th. They set an “underweight” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating and sixteen have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average target price of $61.86.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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