TIAA Trust National Association Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

TIAA Trust National Association lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 256,979 shares of the cable giant’s stock after selling 5,529 shares during the quarter. TIAA Trust National Association’s holdings in Comcast were worth $11,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Creative Financial Designs Inc. ADV raised its stake in shares of Comcast by 45.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,928 shares of the cable giant’s stock valued at $216,000 after purchasing an additional 1,547 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Comcast in the fourth quarter worth about $1,035,000. OneAscent Financial Services LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $649,000. Brookstone Capital Management grew its stake in Comcast by 4.7% during the fourth quarter. Brookstone Capital Management now owns 155,789 shares of the cable giant’s stock valued at $6,831,000 after acquiring an additional 7,011 shares in the last quarter. Finally, Paragon Capital Management Ltd increased its holdings in Comcast by 5.8% during the 4th quarter. Paragon Capital Management Ltd now owns 18,626 shares of the cable giant’s stock worth $817,000 after acquiring an additional 1,021 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.1 %

Shares of NASDAQ:CMCSA traded down $0.06 on Friday, hitting $40.08. The company had a trading volume of 19,305,172 shares, compared to its average volume of 19,952,288. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $38.60 and its two-hundred day simple moving average is $40.80. The firm has a market capitalization of $157.26 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.00 and a beta of 1.00.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Macquarie lowered their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $48.53.

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.