Private Trust Co. NA Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Private Trust Co. NA lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,029 shares of the cable giant’s stock after purchasing an additional 1,110 shares during the quarter. Private Trust Co. NA’s holdings in Comcast were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CMCSA. AQR Capital Management LLC raised its stake in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Swedbank AB bought a new stake in shares of Comcast in the first quarter worth $93,051,000. Darsana Capital Partners LP increased its position in Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares during the last quarter. SG Americas Securities LLC boosted its position in Comcast by 211.7% in the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after purchasing an additional 1,963,246 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Comcast by 46.5% during the 2nd quarter. National Bank of Canada FI now owns 5,780,524 shares of the cable giant’s stock valued at $220,641,000 after purchasing an additional 1,833,811 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMCSA. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Macquarie lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Performance

CMCSA stock opened at $43.20 on Tuesday. The firm has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $40.08. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm has a market cap of $165.31 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) 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 business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

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. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. Comcast’s dividend payout ratio is currently 33.33%.

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.