Comcast Co. (NASDAQ:CMCSA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,154,465 shares of the cable giant’s stock after selling 58,153 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Comcast were worth $84,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Financial Network Inc. grew its position in Comcast by 6.7% in the 2nd quarter. Focus Financial Network Inc. now owns 8,097 shares of the cable giant’s stock valued at $329,000 after buying an additional 508 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Comcast in the 2nd quarter valued at about $128,000. Sanibel Captiva Trust Company Inc. grew its position in Comcast by 0.9% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 403,664 shares of the cable giant’s stock valued at $15,807,000 after buying an additional 3,461 shares in the last quarter. LongView Wealth Management grew its position in Comcast by 29.7% in the 2nd quarter. LongView Wealth Management now owns 10,870 shares of the cable giant’s stock valued at $426,000 after buying an additional 2,491 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in shares of Comcast by 1.2% during the 2nd quarter. Carnegie Investment Counsel now owns 128,419 shares of the cable giant’s stock valued at $5,029,000 after purchasing an additional 1,574 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $45.78.

Insider Buying and Selling

In other 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 transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.6 %

CMCSA stock traded down $0.23 during midday trading on Tuesday, reaching $40.03. The stock had a trading volume of 13,551,956 shares, compared to its average volume of 20,249,234. The business has a fifty day simple moving average of $38.74 and a two-hundred day simple moving average of $40.09. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $157.06 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.07 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.10%. Comcast’s payout ratio is 32.80%.

Comcast 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.