First City Capital Management Inc. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,084 shares of the cable giant’s stock after buying an additional 8,542 shares during the period. First City Capital Management Inc.’s holdings in Comcast Corporation were worth $642,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC raised its position 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 in the last quarter. OLD Second National Bank of Aurora raised its position 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 in the last quarter. Zions Bancorporation raised its position 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 in the last quarter. Orrstown Financial Services Inc. raised its position 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 in the last quarter. Finally, CT Financial Advisors LLC raised its position 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 in the last quarter. 82.87% of the stock is currently owned by institutional investors.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 1.61% during midday trading on Monday, hitting $41.77. 3,460,311 shares of the stock traded hands. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock has a 50 day moving average of $39.47 and a 200 day moving average of $38.77. The company has a market capitalization of $196.88 billion, a P/E ratio of 21.04 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Equities research analysts predict 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 issued 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 is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.

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CMCSA has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on shares of Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Instinet restated a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Credit Suisse Group raised their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.69.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s 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 sale, the senior vice president now directly 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 accessible through this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s 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 sale, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

About Comcast Corporation

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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