Private Trust Co. NA Decreases Stock Holdings in Comcast Corporation $CMCSA

Private Trust Co. NA trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,063 shares of the cable giant’s stock after selling 907 shares during the quarter. Private Trust Co. NA’s holdings in Comcast were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Foster Group Inc. increased its position in shares of Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC increased its position in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the last quarter. Clearstead Trust LLC increased its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares during the last quarter. Webster Bank N. A. increased its position in Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after buying an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. increased its position in Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 1.0%

Shares of NASDAQ:CMCSA opened at $29.54 on Friday. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31. The company has a market cap of $109.07 billion, a PE ratio of 4.88, a P/E/G ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $32.23 and its 200 day moving average is $33.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank reaffirmed a “sector perform” rating and issued a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Barclays decreased their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Rosenblatt Securities decreased their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.76.

Comcast Company 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.