Stock Yards Bank & Trust Co. Purchases 2,246 Shares of Comcast Corporation $CMCSA

Stock Yards Bank & Trust Co. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.1% during the 2nd quarter, Holdings Channel reports. The fund owned 33,865 shares of the cable giant’s stock after buying an additional 2,246 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Comcast were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CMCSA. Nuveen LLC acquired a new stake in Comcast during the 1st quarter worth approximately $940,015,000. Dodge & Cox raised its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. Pacer Advisors Inc. raised its holdings in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares during the period. KBC Group NV raised its holdings in Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after buying an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $30.90 on Friday. The company has a market cap of $114.09 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.81 and a beta of 0.94. Comcast Corporation has a 1-year low of $30.38 and a 1-year high of $45.31. The company’s fifty day simple moving average is $32.73 and its 200 day simple moving average is $34.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Analysts Set New Price Targets

Several analysts have commented on CMCSA shares. The Goldman Sachs Group dropped their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Loop Capital lowered their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Sanford C. Bernstein lowered their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Finally, Rothschild & Co Redburn lowered their price objective on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.26.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.