Farmers & Merchants Trust Co of Chambersburg PA lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,865 shares of the cable giant’s stock after selling 550 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Comcast Corporation were worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. WINTON GROUP Ltd increased its position in shares of Comcast Corporation by 573.3% in the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares during the period. Boston Partners increased its position in shares of Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after purchasing an additional 9,739,468 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Comcast Corporation by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after purchasing an additional 451,551 shares during the period. Haverford Trust Co. increased its position in shares of Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after purchasing an additional 1,783,436 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after purchasing an additional 74,290 shares during the period. 81.93% of the stock is owned by institutional investors.

Shares of Comcast Corporation (NASDAQ CMCSA) traded up 1.75% during mid-day trading on Friday, hitting $38.48. The stock had a trading volume of 19,204,345 shares. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $181.37 billion, a P/E ratio of 19.39 and a beta of 1.01. The firm has a 50 day moving average price of $39.84 and a 200-day moving average price of $39.19.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.64%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock worth $385,050 over the last quarter. Corporate insiders own 1.28% of the company’s stock.

A number of research analysts recently commented on the company. Instinet restated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price target on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Comcast Corporation presently has an average rating of “Buy” and a consensus price target of $45.83.

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Comcast Corporation Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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