AMG National Trust Bank maintained its stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,344 shares of the cable giant’s stock at the close of the second quarter. AMG National Trust Bank’s holdings in Comcast Corporation were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp grew its stake in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC grew its stake in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. grew its stake in Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp grew its stake in Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after buying an additional 680,012 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in Comcast Corporation by 56.9% during the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at $37.18 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a twelve month low of $33.29 and a twelve month high of $42.18. The firm has a market cap of $172,275.20, a PE ratio of 18.29, a P/E/G ratio of 1.91 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. analysts expect that Comcast Corporation will post 2.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. Comcast Corporation’s dividend payout ratio (DPR) is presently 30.36%.

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In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

Several equities research analysts have issued reports on the stock. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura decreased their target price on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Barclays PLC decreased their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Pivotal Research upped their target price on shares of Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company restated a “buy” rating and issued a $49.00 target price on shares of Comcast Corporation in a research note on Monday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.84.

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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