WASHINGTON TRUST Co Sells 6,317 Shares of Comcast Corporation $CMCSA

WASHINGTON TRUST Co lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,638 shares of the cable giant’s stock after selling 6,317 shares during the quarter. WASHINGTON TRUST Co’s holdings in Comcast were worth $8,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in 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 acquiring an additional 99,986 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Comcast by 1.6% in the 1st quarter. Wealthfront Advisers LLC now owns 305,611 shares of the cable giant’s stock worth $11,277,000 after acquiring an additional 4,903 shares during the period. Larson Financial Group LLC grew its stake in shares of Comcast by 5.6% in the 1st quarter. Larson Financial Group LLC now owns 22,110 shares of the cable giant’s stock worth $816,000 after purchasing an additional 1,170 shares during the last quarter. DDD Partners LLC raised its holdings in shares of Comcast by 18.8% during the first quarter. DDD Partners LLC now owns 641,233 shares of the cable giant’s stock worth $23,661,000 after acquiring an additional 101,328 shares in the last quarter. Finally, Parcion Private Wealth LLC bought a new position in Comcast during the first quarter worth $429,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.2%

Shares of CMCSA traded up $0.33 during mid-day trading on Thursday, reaching $28.22. The company’s stock had a trading volume of 4,503,179 shares, compared to its average volume of 25,127,594. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.06. The stock has a market cap of $102.83 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The company’s 50 day moving average is $30.37 and its 200 day moving average is $32.96.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion for the quarter. Equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. Comcast’s dividend payout ratio is currently 21.96%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Loop Capital lowered their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Sanford C. Bernstein decreased their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, October 31st. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Arete decreased their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.12.

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.