Comcast Co. (NASDAQ:CMCSA) Shares Acquired by AMG National Trust Bank

AMG National Trust Bank lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,850 shares of the cable giant’s stock after buying an additional 1,422 shares during the period. AMG National Trust Bank’s holdings in Comcast were worth $4,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Aljian Capital Management LLC acquired a new position in shares of Comcast during the third quarter worth approximately $244,000. TrinityPoint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at $240,000. Claro Advisors LLC boosted its position in Comcast by 60.4% during the 3rd quarter. Claro Advisors LLC now owns 31,699 shares of the cable giant’s stock worth $1,324,000 after acquiring an additional 11,931 shares during the period. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Comcast in the third quarter worth $46,000. Finally, Concord Asset Management LLC VA increased its holdings in shares of Comcast by 11.7% during the third quarter. Concord Asset Management LLC VA now owns 51,424 shares of the cable giant’s stock valued at $2,148,000 after purchasing an additional 5,405 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $42.88 on Monday. 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 company has a market capitalization of $164.08 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The business’s 50-day moving average is $41.61 and its 200-day moving average is $39.89. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its 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 net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Scotiabank upgraded shares of 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 report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.