Perkins Coie Trust Co Sells 2,790 Shares of Comcast Co. (NASDAQ:CMCSA)

Perkins Coie Trust Co reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,285 shares of the cable giant’s stock after selling 2,790 shares during the quarter. Perkins Coie Trust Co’s holdings in Comcast were worth $1,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Comcast in the 4th quarter worth approximately $743,681,000. Bfsg LLC raised its holdings in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Mission Wealth Management LP raised its holdings in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. raised its holdings in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after acquiring an additional 59,107 shares during the last quarter. Finally, Aviva PLC raised its holdings in Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock worth $87,359,000 after acquiring an additional 156,986 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMCSA shares. Citigroup decreased their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research note on Thursday, April 10th. Barclays decreased their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.10.

Comcast Trading Up 1.4%

Shares of Comcast stock opened at $34.70 on Friday. The company has a market capitalization of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a fifty day moving average of $34.39 and a 200 day moving average of $36.43. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.80%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

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.