Tompkins Financial Corp Grows Stake in Comcast Corporation (CMCSA)
Tompkins Financial Corp raised its position in Comcast Corporation (NASDAQ:CMCSA) by 43.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,572 shares of the cable giant’s stock after purchasing an additional 1,680 shares during the quarter. Tompkins Financial Corp’s holdings in Comcast were worth $214,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. ETF Portfolio Partners Inc. purchased a new stake in shares of Comcast during the 3rd quarter valued at about $216,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Comcast by 1.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,344,207 shares of the cable giant’s stock valued at $282,605,000 after buying an additional 121,760 shares during the period. Locust Wood Capital Advisers LLC raised its holdings in shares of Comcast by 8.7% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 523,275 shares of the cable giant’s stock valued at $20,136,000 after buying an additional 42,085 shares during the period. MEMBERS Trust Co raised its holdings in shares of Comcast by 33.5% during the 3rd quarter. MEMBERS Trust Co now owns 13,018 shares of the cable giant’s stock valued at $501,000 after buying an additional 3,268 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Comcast by 2.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 691,953 shares of the cable giant’s stock valued at $26,626,000 after buying an additional 13,910 shares during the period. Institutional investors own 82.50% of the company’s stock.
CMCSA has been the topic of several analyst reports. ValuEngine downgraded Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Pivotal Research raised their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. Barclays dropped their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Finally, KeyCorp reiterated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.72.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast 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 quarter last year, the firm earned $0.92 EPS. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. Comcast’s payout ratio is 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
Comcast 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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.