23,754 Shares of Comcast Corporation $CMCSA Acquired by NBT Bank N.A.

NBT Bank N.A. purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the third quarter, HoldingsChannel.com reports. The fund purchased 23,754 shares of the cable giant’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC raised its stake in Comcast by 48.2% during the first quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock valued at $34,000 after buying an additional 389 shares during the last quarter. PFG Investments LLC raised its position in shares of Comcast by 0.9% in the 1st quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock worth $1,199,000 after purchasing an additional 391 shares during the last quarter. Simmons Bank raised its position in shares of Comcast by 2.3% in the 1st quarter. Simmons Bank now owns 17,795 shares of the cable giant’s stock worth $511,000 after purchasing an additional 400 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Bollard Group LLC increased its stake in Comcast by 1.1% during the 1st quarter. Bollard Group LLC now owns 37,607 shares of the cable giant’s stock valued at $1,080,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $22.69 on Friday. Comcast Corporation has a 52 week low of $20.48 and a 52 week high of $32.85. The firm has a market capitalization of $80.52 billion, a P/E ratio of 7.18, a PEG ratio of 1.63 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $23.80 and a 200-day moving average price of $24.63.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. The firm had revenue of $29.30 billion for the quarter, compared to analysts’ expectations of $29.22 billion. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. Equities research analysts anticipate that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.8%. The ex-dividend date is Wednesday, January 6th. Comcast’s payout ratio is 42.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen cut their price target on shares of Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Comcast in a research report on Tuesday, October 13th. Weiss Ratings downgraded shares of Comcast from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a report on Friday, October 2nd. Finally, Moffett Nathanson dropped their price target on Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $30.58.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus, while revenue of $29.3 billion was broadly in line with expectations. Wireless growth, improved Peacock profitability and strong film performance helped offset weakness elsewhere. Comcast beats earnings expectations as media revenue offsets weakness in connectivity
• Positive Sentiment: Management said approximately 70% of wireless trial lines converted to paid accounts, indicating that the wireless business may be gaining traction as Comcast seeks to diversify beyond broadband. Peacock also reached profitability, supporting momentum ahead of the planned NBCUniversal spinoff. Comcast: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, or $1.32 annually, offering an approximately 5.8% yield based on the reported share price. The payout may appeal to income-oriented investors, although the yield also reflects broader concerns about the stock’s growth outlook. Comcast Declares Quarterly Dividend
• Neutral Sentiment: The proposed separation of NBCUniversal from Comcast’s broadband, pay-TV and wireless operations could unlock value by allowing each business to pursue a more focused strategy. However, execution and the final structure of the transaction remain important uncertainties. Comcast Co-CEO Brian Roberts Touts Staffers’ Energy and Excitement About Pending NBCUniversal Split
• Negative Sentiment: Domestic broadband and video subscriber losses continued, with satellite and other competitors intensifying pressure on Comcast’s core connectivity business. Revenue fell about 6% year over year, and adjusted earnings declined from the prior-year quarter despite the EPS beat. Comcast broadband losses deepen as competition pressures core business
• Negative Sentiment: Comcast expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, as it overhauls its connectivity operations. Analysts including TD Cowen, Goldman Sachs and Citi lowered price targets, underscoring investor concern that broadband weakness may persist. Comcast Flags $1 Billion Q4 Charge for Layoffs and Restructuring

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.