First National Bank of Mount Dora Trust Investment Services Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,424 shares of the cable giant’s stock after buying an additional 2,766 shares during the quarter. Comcast accounts for approximately 1.6% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 19th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Comcast were worth $7,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Comcast in the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the 2nd quarter worth $27,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its stake in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded down $0.55 during trading hours on Monday, hitting $43.01. 2,993,583 shares of the stock were exchanged, compared to its average volume of 19,602,814. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a market cap of $166.56 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The stock’s 50-day moving average price is $40.80 and its two-hundred day moving average price is $39.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts expect that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.88%. Comcast’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Friday. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.