Comcast Corporation $CMCSA Shares Sold by Estabrook Capital Management

Estabrook Capital Management trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 74.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 973 shares of the cable giant’s stock after selling 2,820 shares during the period. Estabrook Capital Management’s holdings in Comcast were worth $35,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CMCSA. Foster Group Inc. boosted its position in shares of Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the period. Argyle Capital Management LLC raised its holdings in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the period. Clearstead Trust LLC lifted its stake in Comcast by 5.2% during the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after buying an additional 305 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after buying an additional 305 shares during the period. Finally, United Asset Strategies Inc. boosted its holdings in shares of Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $26.73 on Friday. The firm has a market cap of $97.38 billion, a price-to-earnings ratio of 4.45, a P/E/G ratio of 1.83 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $43.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $28.93 and a 200 day simple moving average of $32.35.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion for the quarter. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Comcast from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, October 31st. Scotiabank cut their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. TD Cowen decreased their target price on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Sanford C. Bernstein dropped their price target on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $35.92.

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.