Trust Co. of Oklahoma Sells 1,534 Shares of Comcast Co. (NASDAQ:CMCSA)

Trust Co. of Oklahoma decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,306 shares of the cable giant’s stock after selling 1,534 shares during the quarter. Trust Co. of Oklahoma’s holdings in Comcast were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its position in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the period. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth $2,542,988,000. Harris Associates L P increased its position in shares of Comcast by 10.9% in the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after purchasing an additional 1,854,671 shares during the period. LSV Asset Management increased its position in shares of Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after purchasing an additional 570,050 shares during the period. Finally, Raymond James & Associates increased its position in shares of Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMCSA shares. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Evercore ISI reduced their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.53.

Comcast Trading Down 0.3 %

Shares of CMCSA traded down $0.11 during mid-day trading on Wednesday, reaching $38.05. 7,657,993 shares of the company were exchanged, compared to its average volume of 20,520,629. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $149.29 billion, a PE ratio of 10.07, a PEG ratio of 0.98 and a beta of 1.00. The business has a 50 day simple moving average of $38.62 and a two-hundred day simple moving average of $41.28.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. Comcast’s dividend payout ratio (DPR) is 32.80%.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast 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.