Truehand Inc Sells 382 Shares of Comcast Co. (NASDAQ:CMCSA)

Truehand Inc lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 55,251 shares of the cable giant’s stock after selling 382 shares during the period. Comcast comprises about 1.8% of Truehand Inc’s holdings, making the stock its 17th biggest position. Truehand Inc’s holdings in Comcast were worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Rockbridge Investment Management LCC bought a new stake in Comcast during the second quarter worth approximately $29,000. Asset Advisors Investment Management LLC bought a new stake in shares of Comcast in the second quarter valued at approximately $32,000. Financial Management Professionals Inc. bought a new stake in shares of Comcast in the second quarter valued at approximately $33,000. Evolution Wealth Advisors LLC boosted its position in shares of Comcast by 68.5% in the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 342 shares during the period. Finally, Disciplined Investments LLC boosted its position in shares of Comcast by 59.1% in the first quarter. Disciplined Investments LLC now owns 1,088 shares of the cable giant’s stock valued at $37,000 after acquiring an additional 404 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CMCSA traded up $0.45 during midday trading on Friday, reaching $45.56. The company’s stock had a trading volume of 13,361,955 shares, compared to its average volume of 22,320,676. Comcast Co. has a fifty-two week low of $31.70 and a fifty-two week high of $47.74. The company has a market capitalization of $208.12 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.91 and a beta of 0.93. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day simple moving average is $45.21 and its 200-day simple moving average is $41.02.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 30th. The cable giant reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. Comcast had a return on equity of 16.66% and a net margin of 10.91%. The company had revenue of $23.72 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 2.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. Comcast’s dividend payout ratio (DPR) is presently 29.39%.

CMCSA has been the subject of several research reports. Citigroup increased their price objective on Comcast from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. BidaskClub cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. Wells Fargo & Company raised their target price on Comcast from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Rosenblatt Securities raised their target price on Comcast from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.18.

In related news, CEO Jeff Shell sold 99,484 shares of Comcast stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $42.91, for a total value of $4,268,858.44. Company insiders own 1.35% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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