Coastline Trust Co raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 225,656 shares of the cable giant’s stock after acquiring an additional 2,900 shares during the period. Comcast makes up approximately 1.5% of Coastline Trust Co’s portfolio, making the stock its 4th biggest position. Coastline Trust Co’s holdings in Comcast were worth $8,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Clarius Group LLC lifted its stake in shares of Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after acquiring an additional 48 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in Comcast by 0.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock worth $358,000 after acquiring an additional 81 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Comcast by 0.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock worth $712,000 after acquiring an additional 93 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its position in Comcast by 0.7% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,069 shares of the cable giant’s stock worth $548,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock valued at $31,070,439 over the last quarter. Company insiders own 1.28% of the company’s stock.

Comcast Co. (CMCSA) opened at $38.57 on Friday. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The stock has a market capitalization of $177,373.70, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Comcast Co. will post 2.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is 13.21%.

Several research firms recently commented on CMCSA. Pivotal Research reissued a “buy” rating and set a $52.00 price target on shares of Comcast in a research report on Wednesday, January 24th. Wells Fargo & Co boosted their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America boosted their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities boosted their price target on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.74.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/02/10/coastline-trust-co-has-8-68-million-holdings-in-comcast-co-cmcsa.html.

Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.