Arlington Trust Co LLC Sells 3,632 Shares of Comcast Corporation $CMCSA

by · The Cerbat Gem

Arlington Trust Co LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 61.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,236 shares of the cable giant’s stock after selling 3,632 shares during the quarter. Arlington Trust Co LLC’s holdings in Comcast were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter worth about $26,000. Abound Financial LLC bought a new position in shares of Comcast in the first quarter worth about $29,000. Ransom Advisory Ltd bought a new position in shares of Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter worth about $33,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Barclays decreased their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Morgan Stanley decreased their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Rosenblatt Securities lifted their target price on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Rothschild & Co Redburn decreased their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $40.56.

Check Out Our Latest Analysis on Comcast

Comcast Price Performance

CMCSA opened at $33.06 on Monday. The business has a fifty day moving average of $33.79 and a 200 day moving average of $34.59. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $122.06 billion, a P/E ratio of 5.46, a PEG ratio of 1.98 and a beta of 0.93.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Comcast’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. Comcast’s payout ratio is 21.82%.

Comcast Profile

(Free Report)

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.

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