Cambridge Trust Co. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 74.8% during the first quarter, Holdings Channel reports. The institutional investor owned 19,737 shares of the cable giant’s stock after buying an additional 8,444 shares during the period. Cambridge Trust Co.’s holdings in Comcast Corporation were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC increased its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the last quarter. Zions Bancorporation increased its stake in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Orrstown Financial Services Inc. increased its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the last quarter. Finally, CT Financial Advisors LLC increased its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the last quarter. Institutional investors own 82.87% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 1.228% during midday trading on Monday, reaching $41.615. 4,015,026 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $39.47 and its 200 day moving average price is $38.77. The firm has a market capitalization of $196.15 billion, a P/E ratio of 20.965 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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A number of research firms have commented on CMCSA. Telsey Advisory Group lifted their price objective on shares of Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Credit Suisse Group lifted their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Instinet reaffirmed a “buy” rating and issued a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.69.

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

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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