Stonebridge Capital Advisors LLC Has $245,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Stonebridge Capital Advisors LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,658 shares of the cable giant’s stock after selling 614 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Comcast were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Luken Investment Analytics LLC boosted its holdings in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. boosted its holdings in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter worth about $28,000. Pineridge Advisors LLC bought a new position in Comcast during the fourth quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its holdings in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. Finally, Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $47.28.

Comcast Stock Performance

Comcast stock traded up $1.45 during midday trading on Friday, hitting $39.69. The company’s stock had a trading volume of 24,563,940 shares, compared to its average volume of 19,189,402. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.59. The company has a 50-day moving average price of $38.53 and a two-hundred day moving average price of $40.66. The company has a market cap of $155.73 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.01 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

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.