Greenfield Savings Bank Buys 987 Shares of Comcast Corporation $CMCSA

Greenfield Savings Bank lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,608 shares of the cable giant’s stock after buying an additional 987 shares during the period. Greenfield Savings Bank’s holdings in Comcast were worth $1,592,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the 1st quarter worth about $26,000. Abound Financial LLC bought a new stake in shares of Comcast in the 1st quarter worth about $29,000. Ransom Advisory Ltd bought a new stake in shares of Comcast in the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC increased its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the 4th quarter worth about $33,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $33.06 on Friday. The stock has a market cap of $122.06 billion, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. The firm has a 50-day moving average of $33.79 and a two-hundred day moving average of $34.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same period in the previous year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Analyst Ratings Changes

CMCSA has been the topic of a number of research reports. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Morgan Stanley dropped their price target on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. Barclays dropped their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.56.

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.