Trust Co. of Vermont Takes $1.70 Million Position in Comcast Corporation $CMCSA

Trust Co. of Vermont acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, HoldingsChannel reports. The institutional investor acquired 69,165 shares of the cable giant’s stock, valued at approximately $1,698,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings 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. Voya Financial Advisors Inc. grew its holdings in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank grew its holdings in shares of Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares in the last quarter. HUB Investment Partners LLC raised its position in shares of Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its position in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. Royal Bank Of Canada set a $26.00 target price on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Barclays set a $26.00 price target on Comcast and gave the company an “equal weight” rating in a report on Friday, July 24th. Moffett Nathanson reduced their price target on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Scotiabank set a $29.00 price objective on Comcast in a report on Friday, July 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Comcast in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.96.

Comcast Stock Up 2.5%

Shares of NASDAQ:CMCSA opened at $26.20 on Wednesday. The company has a market capitalization of $92.97 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67. The company has a 50 day moving average of $23.93 and a two-hundred day moving average of $26.84. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $34.45. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.