Appleton Partners Inc. MA Sells 966 Shares of Comcast Co. (NASDAQ:CMCSA)

Appleton Partners Inc. MA lowered its position in Comcast Co. (NASDAQ:CMCSA) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,676 shares of the cable giant’s stock after selling 966 shares during the period. Appleton Partners Inc. MA’s holdings in Comcast were worth $261,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares during the last quarter. Norges Bank bought a new position in shares of Comcast during the 4th quarter valued at about $2,542,988,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the last quarter. Harris Associates L P boosted its holdings in shares of Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after purchasing an additional 570,050 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction 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 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 can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI decreased their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citigroup decreased their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.01.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.36 during midday trading on Friday, reaching $39.90. The company had a trading volume of 25,951,665 shares, compared to its average volume of 21,184,204. The business’s 50-day simple moving average is $38.70 and its 200 day simple moving average is $40.56. The stock has a market cap of $154.51 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.07 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) 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 firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter last year, the company posted $1.13 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.11%. 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.