Comcast Corporation (CMCSA) Shares Bought by Raymond James Trust N.A.
Raymond James Trust N.A. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,067 shares of the cable giant’s stock after buying an additional 1,802 shares during the period. Comcast Corporation accounts for approximately 0.7% of Raymond James Trust N.A.’s portfolio, making the stock its 29th biggest holding. Raymond James Trust N.A.’s holdings in Comcast Corporation were worth $9,966,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Connecticut Wealth Management LLC grew its stake in shares of Comcast Corporation by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the last quarter. Financial Consulate Inc. grew its stake in shares of Comcast Corporation by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares during the last quarter. Peoples Bank OH grew its stake in shares of Comcast Corporation by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares during the last quarter. Sabal Trust CO grew its stake in shares of Comcast Corporation by 0.6% in the 2nd quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after purchasing an additional 79 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its stake in shares of Comcast Corporation by 0.9% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 81 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors.
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In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.42 on Wednesday. Comcast Corporation has a one year low of $34.01 and a one year high of $42.18. The stock has a market capitalization of $167,461.22, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Comcast Corporation’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities research analysts expect that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s payout ratio is currently 30.36%.
Several research analysts have weighed in on the company. Buckingham Research assumed coverage on Comcast Corporation in a research note on Monday. They issued a “buy” rating and a $48.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research note on Friday, November 17th. OTR Global downgraded Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura decreased their price target on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Barclays PLC decreased their price target on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.93.
Comcast Corporation Company 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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