Adirondack Trust Co. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 22.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,337 shares of the cable giant’s stock after selling 1,788 shares during the quarter. Adirondack Trust Co.’s holdings in Comcast were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Comcast by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after purchasing an additional 7,792,136 shares in the last quarter. BlackRock Inc. lifted its holdings in Comcast by 2.7% during the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after purchasing an additional 8,635,296 shares in the last quarter. Invesco Ltd. lifted its holdings in Comcast by 3.0% during the 2nd quarter. Invesco Ltd. now owns 61,356,936 shares of the cable giant’s stock worth $2,594,171,000 after purchasing an additional 1,759,655 shares in the last quarter. Northern Trust Corp lifted its holdings in Comcast by 1.9% during the 2nd quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after purchasing an additional 1,009,589 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Comcast by 9.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 53,688,862 shares of the cable giant’s stock worth $2,269,965,000 after purchasing an additional 4,446,292 shares in the last quarter. Institutional investors own 82.75% of the company’s stock.

Shares of Comcast stock traded up $0.27 during trading on Wednesday, hitting $44.38. 9,368,583 shares of the stock traded hands, compared to its average volume of 18,132,676. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a market cap of $202.66 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.22 and a beta of 1.08. The firm’s fifty day moving average is $45.05 and its 200-day moving average is $43.13. Comcast Co. has a 52 week low of $32.61 and a 52 week high of $47.27.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. On average, analysts forecast that Comcast Co. will post 3.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

In related news, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at approximately $151,222.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now owns 29,603 shares in the company, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on CMCSA. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Rosenblatt Securities began coverage on Comcast in a report on Friday, June 14th. They set a “buy” rating and a $50.00 price objective on the stock. Morgan Stanley increased their price objective on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Wells Fargo & Co began coverage on Comcast in a report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 price objective on the stock. Finally, Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $54.00 in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.70.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Read More: Return On Assets

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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