Raymond James Trust N.A. Has $18.39 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Raymond James Trust N.A. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 440,249 shares of the cable giant’s stock after selling 15,741 shares during the period. Raymond James Trust N.A.’s holdings in Comcast were worth $18,389,000 as of its most recent SEC filing.

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

Comcast Stock Performance

Comcast stock opened at $43.51 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-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 fifty day moving average price of $41.90 and a two-hundred day moving average price of $40.00. The firm has a market capitalization of $166.49 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.60 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared 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 is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Comcast in a research report on Tuesday. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast 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.