Comcast Co. (NASDAQ:CMCSA) Position Reduced by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,543 shares of the cable giant’s stock after selling 1,263 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Comcast were worth $3,225,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Leith Wheeler Investment Counsel Ltd. lifted its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast in the fourth quarter worth $28,000. Tennessee Valley Asset Management Partners acquired a new stake in Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in Comcast in the 4th quarter valued at $37,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded down $0.14 during mid-day trading on Friday, hitting $37.44. 12,692,458 shares of the company’s stock traded hands, compared to its average volume of 16,252,715. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a 50 day simple moving average of $39.06 and a two-hundred day simple moving average of $41.68. The stock has a market cap of $146.90 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.94 and a beta of 1.00.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday, April 26th. Citigroup decreased their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Tuesday, June 11th. Finally, Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $48.83.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.