Nixon Peabody Trust Co. Sells 127,166 Shares of Comcast Co. (NASDAQ:CMCSA)

Nixon Peabody Trust Co. cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 35.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,932 shares of the cable giant's stock after selling 127,166 shares during the period. Nixon Peabody Trust Co.'s holdings in Comcast were worth $9,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. boosted its position in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Taurus Asset Management LLC grew its holdings in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock valued at $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock valued at $353,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after buying an additional 260 shares during the period. Finally, Greenwich Wealth Management LLC boosted its stake in Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant's stock worth $382,000 after buying an additional 261 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Macquarie upped their price target on Comcast from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a "buy" rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average target price of $46.88.

Comcast Price Performance

Comcast stock traded up $0.12 during midday trading on Monday, reaching $43.00. The company's stock had a trading volume of 19,100,938 shares, compared to its average volume of 19,621,865. The stock has a market cap of $164.54 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $41.61 and a 200-day moving average price of $39.89. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. On average, sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. Comcast's payout ratio is 33.33%.

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.