Diversified Trust Co. Buys 28,725 Shares of Comcast Corporation $CMCSA

Diversified Trust Co. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 11.8% in the 4th quarter, Holdings Channel reports. The fund owned 272,399 shares of the cable giant’s stock after buying an additional 28,725 shares during the quarter. Diversified Trust Co.’s holdings in Comcast were worth $8,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Cape Investment Advisory Inc. lifted its stake in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after purchasing an additional 307 shares during the last quarter. Titleist Asset Management LLC increased its position in shares of Comcast by 4.7% during the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after purchasing an additional 342 shares during the last quarter. Lakeshore Capital Group Inc. increased its position in shares of Comcast by 2.6% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares during the last quarter. Hengehold Capital Management LLC raised its holdings in shares of Comcast by 0.5% during the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after buying an additional 372 shares in the last quarter. Finally, Commonwealth Financial Services LLC lifted its position in Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock worth $265,000 after buying an additional 372 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $29.01 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $37.72. The business’s 50 day simple moving average is $30.27 and its two-hundred day simple moving average is $29.63. The stock has a market capitalization of $104.37 billion, a P/E ratio of 5.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.6%. Comcast’s dividend payout ratio is presently 24.58%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Barclays set a $28.00 target price on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Arete Research set a $23.00 target price on shares of Comcast in a report on Tuesday, January 6th. Finally, Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $34.87.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.