Colonial Trust Co SC Has $870,000 Stake in Comcast Corporation $CMCSA

Colonial Trust Co SC reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 53.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,090 shares of the cable giant’s stock after selling 33,037 shares during the quarter. Colonial Trust Co SC’s holdings in Comcast were worth $870,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new stake in Comcast in the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $27,000. Olistico Wealth LLC bought a new stake in shares of Comcast in the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. Citigroup raised their target price on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Morgan Stanley lifted their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Finally, Evercore raised their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.56.

Comcast Price Performance

Shares of CMCSA opened at $23.97 on Friday. The company’s 50-day moving average is $26.39 and its 200-day moving average is $28.34. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $85.63 billion, a PE ratio of 4.72, a PEG ratio of 1.95 and a beta of 0.67. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. Equities analysts forecast that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Comcast Company Profile

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.