NBT Bank N A NY Lowers Holdings in Comcast Corporation (NASDAQ:CMCSA)

NBT Bank N A NY trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% during the 1st quarter, Holdings Channel reports. The fund owned 34,610 shares of the cable giant’s stock after selling 2,392 shares during the quarter. NBT Bank N A NY’s holdings in Comcast were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CMCSA. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth about $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast in the 4th quarter worth about $743,681,000. Amundi boosted its position in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors grew its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Oppenheimer decreased their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Performance

Shares of Comcast stock opened at $34.53 on Wednesday. The business’s 50 day moving average price is $34.49 and its 200 day moving average price is $35.99. The company has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast’s payout ratio is 32.43%.

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.