Comcast Corporation (CMCSA) Holdings Cut by Bank of Nova Scotia Trust Co.
Bank of Nova Scotia Trust Co. reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,853 shares of the cable giant’s stock after selling 636 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Comcast were worth $6,182,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. First Bank & Trust increased its stake in shares of Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares in the last quarter. Zions Bancorporation increased its stake in shares of Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Comcast in the first quarter valued at $113,000. Pacific Center for Financial Services increased its stake in shares of Comcast by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after buying an additional 1,788 shares in the last quarter. Finally, Partners Capital Investment Group Holdings LLC increased its stake in shares of Comcast by 100.0% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock valued at $131,000 after buying an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.
CMCSA has been the subject of a number of research reports. UBS reiterated an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, September 1st. ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.72.
Shares of Comcast Corporation (CMCSA) opened at $37.95 on Monday. The company has a market capitalization of $177,370.00, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00. 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 12 month low of $34.12 and a 12 month high of $42.18.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. equities research analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 29.72%.
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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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