Community Trust & Investment Co. Increases Stock Holdings in Comcast Corporation $CMCSA

Community Trust & Investment Co. increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,938 shares of the cable giant’s stock after purchasing an additional 20,786 shares during the quarter. Community Trust & Investment Co.’s holdings in Comcast were worth $3,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Vanguard Group Inc. increased its position in Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. State Street Corp lifted its holdings in shares of Comcast by 3.4% in the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after acquiring an additional 6,117,946 shares during the last quarter. Capital World Investors boosted its stake in shares of Comcast by 20.8% during the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Dodge & Cox boosted its stake in shares of Comcast by 0.4% during the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after purchasing an additional 399,596 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.8%

CMCSA stock opened at $25.36 on Friday. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.45. The firm’s 50-day moving average is $23.69 and its 200 day moving average is $27.00. The company has a market capitalization of $89.99 billion, a PE ratio of 8.21, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. On average, research analysts anticipate that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.2%. Comcast’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. New Street Research cut their target price on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $28.00 price target on shares of Comcast in a research note on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $32.96.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.