Bryn Mawr Trust Advisors LLC Takes $230,000 Position in Comcast Corporation $CMCSA

Bryn Mawr Trust Advisors LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel reports. The firm purchased 6,442 shares of the cable giant’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Foster Group Inc. grew its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC boosted its holdings 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 purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC increased its position in Comcast by 5.2% during 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. raised its holdings in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. lifted its position in shares of 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. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. Scotiabank lowered their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price target on shares of Comcast in a research report on Tuesday. Barclays reduced their price objective on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Williams Trading set a $40.00 target price on shares of Comcast in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Performance

NASDAQ CMCSA opened at $27.35 on Friday. The company’s fifty day moving average is $30.76 and its two-hundred day moving average is $33.09. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $100.98 billion, a price-to-earnings ratio of 4.55, a P/E/G ratio of 1.77 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion during the quarter. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.