Comcast Co. (NASDAQ:CMCSA) Shares Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,592 shares of the cable giant’s stock after selling 292 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Comcast were worth $814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Thrive Wealth Management LLC increased its holdings in Comcast by 1.6% in the second quarter. Thrive Wealth Management LLC now owns 15,596 shares of the cable giant’s stock worth $648,000 after purchasing an additional 246 shares in the last quarter. Horan Capital Advisors LLC. increased its holdings in Comcast by 0.3% in the first quarter. Horan Capital Advisors LLC. now owns 90,417 shares of the cable giant’s stock worth $3,428,000 after purchasing an additional 251 shares in the last quarter. Curbstone Financial Management Corp boosted its position in shares of Comcast by 0.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 45,222 shares of the cable giant’s stock worth $1,879,000 after purchasing an additional 252 shares in the last quarter. Barry Investment Advisors LLC boosted its position in shares of Comcast by 1.9% during the 1st quarter. Barry Investment Advisors LLC now owns 13,400 shares of the cable giant’s stock worth $508,000 after purchasing an additional 256 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its position in shares of Comcast by 2.5% during the 1st quarter. Washington Trust Advisors Inc. now owns 10,822 shares of the cable giant’s stock worth $410,000 after purchasing an additional 260 shares in the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 0.9 %

NASDAQ CMCSA traded up $0.39 on Monday, hitting $45.73. The company’s stock had a trading volume of 4,559,795 shares, compared to its average volume of 18,766,326. Comcast Co. has a 52-week low of $28.39 and a 52-week high of $47.46. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. The company’s 50-day simple moving average is $44.84 and its 200 day simple moving average is $41.06. The firm has a market cap of $188.64 billion, a P/E ratio of 28.89, a PEG ratio of 1.27 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The company had revenue of $30.51 billion for the quarter, compared to analysts’ expectations of $30.11 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. Comcast’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that Comcast Co. will post 3.81 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast’s dividend payout ratio is currently 73.42%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Loop Capital boosted their price target on shares of Comcast from $50.00 to $53.00 in a research note on Friday, July 28th. Rosenblatt Securities raised their target price on Comcast from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, July 31st. Bank of America raised their target price on Comcast from $49.00 to $55.00 and gave the company a “buy” rating in a report on Friday, July 28th. TD Cowen raised their target price on Comcast from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Oppenheimer upped their price objective on shares of Comcast from $48.00 to $55.00 in a research report on Friday, July 28th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.88.

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, advertising sales, and Sky channels.