MEMBERS Trust Co acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,305 shares of the cable giant’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its stake in shares of Comcast Corporation by 102.3% in the fourth quarter. Perigon Wealth Management LLC now owns 99,545 shares of the cable giant’s stock worth $3,705,000 after buying an additional 50,341 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Comcast Corporation during the fourth quarter worth about $5,302,000. HighPoint Advisor Group LLC raised its stake in shares of Comcast Corporation by 103.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 49,343 shares of the cable giant’s stock worth $1,855,000 after buying an additional 25,131 shares during the last quarter. Whalerock Point Partners LLC raised its stake in shares of Comcast Corporation by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 18,305 shares of the cable giant’s stock worth $1,264,000 after buying an additional 300 shares during the last quarter. Finally, M Holdings Securities Inc. raised its stake in shares of Comcast Corporation by 5.6% in the fourth quarter. M Holdings Securities Inc. now owns 4,750 shares of the cable giant’s stock worth $328,000 after buying an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.25% during trading on Friday, reaching $40.83. The company had a trading volume of 4,554,458 shares. The company has a market capitalization of $192.45 billion, a PE ratio of 20.57 and a beta of 1.01. The stock has a 50 day moving average price of $39.44 and a 200-day moving average price of $38.74. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.

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A number of analysts have issued reports on the company. Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Comcast Corporation has an average rating of “Buy” and an average target price of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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