Private Trust Co. NA Buys 1,110 Shares of Comcast Co. (NASDAQ:CMCSA)

Private Trust Co. NA grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,029 shares of the cable giant’s stock after buying an additional 1,110 shares during the period. Private Trust Co. NA’s holdings in Comcast were worth $1,338,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Horizon Financial Services LLC grew its holdings in shares of Comcast by 42.9% during the third quarter. Horizon Financial Services LLC now owns 4,899 shares of the cable giant’s stock worth $205,000 after purchasing an additional 1,471 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Comcast by 30.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 427,120 shares of the cable giant’s stock worth $17,841,000 after buying an additional 98,605 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in Comcast by 50.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 177,945 shares of the cable giant’s stock worth $7,433,000 after buying an additional 59,504 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in shares of Comcast by 1.1% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 44,308 shares of the cable giant’s stock worth $1,851,000 after buying an additional 475 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Comcast by 9.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 734,261 shares of the cable giant’s stock valued at $30,670,000 after buying an additional 65,939 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen decreased their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Price Performance

Shares of CMCSA stock opened at $43.20 on Tuesday. The business’s 50 day moving average price is $42.06 and its 200-day moving average price is $40.08. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market cap of $165.31 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.64 and a beta of 1.00. 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 (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. 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.