Comcast Corporation $CMCSA Shares Bought by AMG National Trust Bank

AMG National Trust Bank raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 98.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,818 shares of the cable giant’s stock after purchasing an additional 99,323 shares during the period. AMG National Trust Bank’s holdings in Comcast were worth $7,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC raised its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Comcast in the 1st quarter valued at about $223,000. Hudson Edge Investment Partners Inc. increased its holdings in shares of Comcast by 2.6% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 170,264 shares of the cable giant’s stock valued at $6,283,000 after acquiring an additional 4,276 shares during the last quarter. Novem Group increased its holdings in shares of Comcast by 7.6% in the 1st quarter. Novem Group now owns 101,049 shares of the cable giant’s stock valued at $3,729,000 after acquiring an additional 7,108 shares during the last quarter. Finally, St. James Investment Company LLC increased its holdings in shares of Comcast by 4.2% in the 1st quarter. St. James Investment Company LLC now owns 555,708 shares of the cable giant’s stock valued at $20,506,000 after acquiring an additional 22,480 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMCSA. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Morgan Stanley set a $35.00 price objective on Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Benchmark restated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, Arete dropped their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.52.

Comcast Trading Down 4.2%

NASDAQ:CMCSA opened at $27.32 on Friday. The stock’s 50 day moving average price is $31.53 and its 200 day moving average price is $33.37. The company has a market capitalization of $100.87 billion, a PE ratio of 4.52, a P/E/G ratio of 1.69 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.82%.

Comcast Profile

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.