Central Bank & Trust Co. Has $4.47 Million Position in Comcast Co. (NASDAQ:CMCSA)

Central Bank & Trust Co. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 30.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 106,962 shares of the cable giant’s stock after selling 47,792 shares during the period. Central Bank & Trust Co.’s holdings in Comcast were worth $4,468,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. FSM Wealth Advisors LLC grew its position in Comcast by 20.6% in the third quarter. FSM Wealth Advisors LLC now owns 9,643 shares of the cable giant’s stock valued at $403,000 after acquiring an additional 1,648 shares during the period. Impax Asset Management Group plc increased its position in shares of Comcast by 145.3% during the 3rd quarter. Impax Asset Management Group plc now owns 42,919 shares of the cable giant’s stock worth $1,793,000 after purchasing an additional 25,419 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its position in Comcast by 4.7% in the third quarter. Quintet Private Bank Europe S.A. now owns 39,778 shares of the cable giant’s stock valued at $1,662,000 after buying an additional 1,781 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in Comcast by 1.6% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 171,424 shares of the cable giant’s stock worth $7,160,000 after buying an additional 2,766 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Comcast by 13.5% during the third quarter. National Pension Service now owns 8,701,529 shares of the cable giant’s stock worth $363,463,000 after buying an additional 1,035,584 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 2.4 %

NASDAQ:CMCSA opened at $42.53 on Tuesday. The business’s 50-day simple moving average is $40.85 and its 200-day simple moving average is $39.60. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $164.70 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Sell-side analysts expect that Comcast Co. will post 4.27 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, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent analyst reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.