NBT Bank N A NY Has $1.14 Million Stock Position in Comcast Corporation $CMCSA

NBT Bank N A NY lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the second quarter, Holdings Channel reports. The institutional investor owned 31,874 shares of the cable giant’s stock after selling 2,736 shares during the period. NBT Bank N A NY’s holdings in Comcast were worth $1,138,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lakeshore Capital Group Inc. lifted its holdings in shares of Comcast by 31.5% during the second quarter. Lakeshore Capital Group Inc. now owns 13,293 shares of the cable giant’s stock worth $474,000 after buying an additional 3,181 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Comcast by 66.0% during the second quarter. REAP Financial Group LLC now owns 1,668 shares of the cable giant’s stock worth $60,000 after buying an additional 663 shares in the last quarter. Godsey & Gibb Inc. lifted its holdings in shares of Comcast by 8.5% during the second quarter. Godsey & Gibb Inc. now owns 517,937 shares of the cable giant’s stock worth $18,485,000 after buying an additional 40,648 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Comcast by 3.8% during the second quarter. KLP Kapitalforvaltning AS now owns 1,590,306 shares of the cable giant’s stock worth $56,758,000 after buying an additional 58,300 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of Comcast by 7.7% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 118,329 shares of the cable giant’s stock worth $4,223,000 after buying an additional 8,498 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $30.77 on Thursday. The stock’s 50 day moving average is $32.60 and its 200 day moving average is $34.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $113.61 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.82 and a beta of 0.94. Comcast Corporation has a one year low of $30.30 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s payout ratio is 21.82%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities raised their price target on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Loop Capital decreased their price target on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and issued a $45.50 price target (up previously from $45.00) on shares of Comcast in a research report on Monday. Barclays decreased their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Sanford C. Bernstein decreased their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $39.94.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.