Comcast Co. (NASDAQ:CMCSA) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 14.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,306 shares of the cable giant’s stock after selling 1,534 shares during the quarter. Trust Co. of Oklahoma’s holdings in Comcast were worth $403,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CMCSA. Wealthspire Advisors LLC grew its stake in Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after purchasing an additional 2,781 shares in the last quarter. Everett Harris & Co. CA grew its stake in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. grew its stake in Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Comcast during the 4th quarter valued at approximately $2,056,000. Finally, Axxcess Wealth Management LLC grew its position in shares of Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after acquiring an additional 10,936 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.3 %

Shares of CMCSA stock traded down $0.11 on Wednesday, reaching $38.05. 7,657,993 shares of the company’s stock traded hands, compared to its average volume of 20,520,629. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $149.29 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The business’s 50 day moving average price is $38.62 and its two-hundred day moving average price is $41.28.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.26%. Comcast’s payout ratio is 32.80%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Evercore ISI cut their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday. Macquarie cut their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.53.

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.