Security National Trust Co. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,641 shares of the cable giant’s stock after selling 2,943 shares during the period. Security National Trust Co.’s holdings in Comcast were worth $483,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. WP Advisors LLC bought a new stake in Comcast in the second quarter worth $105,000. IMA Wealth Inc. bought a new stake in Comcast in the second quarter worth $108,000. Prentiss Smith & Co. Inc. lifted its stake in Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the last quarter. Acropolis Investment Management LLC bought a new stake in Comcast in the third quarter worth $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Comcast in the second quarter worth $129,000. 80.39% of the stock is owned by institutional investors.
A number of research firms have issued reports on CMCSA. Pivotal Research restated a “buy” rating on shares of Comcast in a research report on Friday, August 10th. Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research report on Monday, August 6th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Oppenheimer restated a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, September 24th. Finally, Scotiabank set a $48.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Wednesday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.57.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The company had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. As a group, equities analysts predict that Comcast Co. will post 2.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares in the company, valued at $2,245,387.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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