Country Trust Bank Acquires 990 Shares of Comcast Co. (NASDAQ:CMCSA)

Country Trust Bank boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 101.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,967 shares of the cable giant’s stock after acquiring an additional 990 shares during the quarter. Country Trust Bank’s holdings in Comcast were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Comcast by 41.7% during the 1st 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 purchasing an additional 8,243,302 shares during the last quarter. Capital World Investors lifted its position in Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.0 %

CMCSA stock opened at $40.95 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $160.67 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.08 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The business has a 50-day moving average of $39.94 and a 200-day moving average of $39.49.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.03%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.55.

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.