Comcast Corporation (CMCSA) Position Maintained by Trust Co. of Virginia VA
Trust Co. of Virginia VA held its stake in Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,110 shares of the cable giant’s stock at the end of the 2nd quarter. Trust Co. of Virginia VA’s holdings in Comcast Corporation were worth $355,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Connecticut Wealth Management LLC increased its position in Comcast Corporation by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the last quarter. Financial Consulate Inc. boosted its stake in Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after buying an additional 30 shares during the period. Peoples Bank OH boosted its stake in Comcast Corporation by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares during the period. Sabal Trust CO boosted its stake in Comcast Corporation by 0.6% during the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock worth $559,000 after buying an additional 79 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its stake in shares of Comcast Corporation by 0.9% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at $36.16 on Monday. Comcast Corporation has a 52 week low of $33.97 and a 52 week high of $42.18. The firm has a market capitalization of $169,000.00, a PE ratio of 17.94, a P/E/G ratio of 1.91 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. equities analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is presently 29.72%.
In other news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
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CMCSA has been the subject of several recent research reports. Nomura lowered their price objective on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. KeyCorp reissued a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research note on Wednesday, October 18th. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Argus raised their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.84.
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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