1,482 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Bank & Trust Co

Bank & Trust Co acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the second quarter, Holdings Channel.com reports. The firm acquired 1,482 shares of the cable giant’s stock, valued at approximately $58,000.

Other large investors have also made changes to their positions in the company. Wealthspire Advisors LLC raised its holdings in shares of Comcast by 4.8% during the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after acquiring an additional 2,781 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Comcast during the 4th quarter worth $2,056,000. Axxcess Wealth Management LLC grew its holdings in shares of Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Comcast by 3.4% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after buying an additional 368,685 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.7 %

Shares of Comcast stock traded down $0.26 during trading hours on Tuesday, reaching $38.92. 15,841,730 shares of the company were exchanged, compared to its average volume of 20,616,314. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $150.72 billion, a PE ratio of 10.30, a PEG ratio of 1.07 and a beta of 1.00. The stock’s fifty day moving average is $38.71 and its 200 day moving average is $40.52. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. Comcast’s payout ratio is currently 32.80%.

Insider Transactions at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Evercore ISI dropped their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.01.

Comcast Company 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.