Canandaigua National Bank & Trust Co. raised its position in shares of Comcast Corp. (NASDAQ:CMCSA) by 9.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,664 shares of the cable giant’s stock after buying an additional 1,080 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Comcast Corp. were worth $826,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Oakworth Capital Inc. boosted its position in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in shares of Comcast Corp. during the second quarter valued at about $115,000. CWM LLC boosted its position in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock valued at $134,000 after buying an additional 411 shares in the last quarter. City Holding Co. boosted its position in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock valued at $141,000 after buying an additional 122 shares in the last quarter. Finally, Kanaly Trust Co boosted its position in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock valued at $154,000 after buying an additional 91 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corp. (NASDAQ:CMCSA) traded down 2.00% during trading on Monday, reaching $65.81. The company’s stock had a trading volume of 7,822,463 shares. The firm has a market capitalization of $158.72 billion, a price-to-earnings ratio of 20.01 and a beta of 1.00. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36. The stock’s 50-day moving average is $66.33 and its 200 day moving average is $63.83.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. Comcast Corp.’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, analysts predict that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s dividend payout ratio is 33.43%.
CMCSA has been the topic of several research analyst reports. RBC Capital Markets restated an “outperform” rating and set a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura restated a “buy” rating on shares of Comcast Corp. in a research report on Monday, June 27th. Pivotal Research boosted their target price on shares of Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, July 7th. Royal Bank Of Canada boosted their target price on shares of Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, Argus boosted their target price on shares of Comcast Corp. from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.00.
In other Comcast Corp. news, EVP Neil Smit sold 15,121 shares of Comcast Corp. stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $65.68, for a total value of $993,147.28. Following the completion of the transaction, the executive vice president now owns 66,289 shares in the company, valued at approximately $4,353,861.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 1,023 shares of Comcast Corp. stock in a transaction on Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the completion of the transaction, the executive vice president now owns 47,539 shares of the company’s stock, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is owned by corporate insiders.
Comcast Corp. Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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