Farmers Trust Co. purchased a new stake in Comcast Co. (NASDAQ:CMCSA – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,451 shares of the cable giant’s stock, valued at approximately $228,000.
Other institutional investors also recently modified their holdings of the company. Capital World Investors increased its position in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Harris Associates L P increased its position in Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Comcast by 3.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.
Comcast Stock Performance
Shares of CMCSA stock traded up $0.38 during trading hours on Friday, hitting $41.19. 13,697,490 shares of the company were exchanged, compared to its average volume of 19,890,191. The firm has a fifty day simple moving average of $39.94 and a 200 day simple moving average of $39.56. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The stock has a market capitalization of $161.61 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.08 and a beta of 1.01.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.01%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.
Analyst Ratings Changes
Several equities analysts have recently commented on CMCSA shares. KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.58.
View Our Latest Analysis on CMCSA
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.
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