Community Trust & Investment Co. Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Community Trust & Investment Co. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,513 shares of the cable giant’s stock after acquiring an additional 518 shares during the quarter. Community Trust & Investment Co.’s holdings in Comcast were worth $3,363,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CMCSA. Capital Investment Advisors LLC boosted its position in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the last quarter. BNP Paribas bought a new position in shares of Comcast in the 1st quarter worth $4,117,000. Douglas Lane & Associates LLC increased its holdings in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the last quarter. Finally, American National Bank & Trust Co. VA bought a new position in shares of Comcast in the 1st quarter worth $426,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 2.5 %

NASDAQ:CMCSA opened at $41.55 on Wednesday. The company has a 50-day moving average price of $40.39 and a 200-day moving average price of $39.44. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $163.01 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the company posted $1.13 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank increased their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Company 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.