Coastline Trust Co Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Coastline Trust Co raised its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,305 shares of the cable giant’s stock after acquiring an additional 1,250 shares during the quarter. Coastline Trust Co’s holdings in Comcast were worth $2,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Archer Investment Corp increased its stake in shares of Comcast by 71.7% in the third quarter. Archer Investment Corp now owns 1,394 shares of the cable giant’s stock worth $58,000 after purchasing an additional 582 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in shares of Comcast by 1.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 88,662 shares of the cable giant’s stock valued at $3,703,000 after acquiring an additional 1,271 shares during the last quarter. Empowered Funds LLC raised its stake in Comcast by 4.6% in the third quarter. Empowered Funds LLC now owns 800,359 shares of the cable giant’s stock valued at $33,431,000 after purchasing an additional 34,903 shares in the last quarter. Empirical Finance LLC lifted its position in Comcast by 1.5% during the third quarter. Empirical Finance LLC now owns 158,525 shares of the cable giant’s stock valued at $6,622,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in Comcast by 5.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 10,016 shares of the cable giant’s stock worth $418,000 after buying an additional 500 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $42.88 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $41.61 and its 200-day moving average price is $39.87. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $164.08 billion, a PE ratio of 11.53, a PEG ratio of 1.66 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 firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. As a group, analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid 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 payout ratio is presently 33.33%.

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.