Arlington Trust Co LLC Sells 2,029 Shares of Comcast Corporation (NASDAQ:CMCSA)

Arlington Trust Co LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 25.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,868 shares of the cable giant’s stock after selling 2,029 shares during the quarter. Arlington Trust Co LLC’s holdings in Comcast were worth $217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Comcast during the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. bought a new position in Comcast during the fourth quarter worth about $743,681,000. Amundi increased its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors lifted its position in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after buying an additional 8,928,641 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.7%

CMCSA traded down $0.26 during midday trading on Wednesday, hitting $35.75. 2,075,444 shares of the company were exchanged, compared to its average volume of 21,901,290. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average price is $34.69 and its 200-day moving average price is $35.56. The firm has a market capitalization of $133.46 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.69%. Comcast’s payout ratio is 32.43%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer cut their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Argus lowered Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

About Comcast

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.