Rockland Trust Co. Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Rockland Trust Co. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,807 shares of the cable giant’s stock after purchasing an additional 2,210 shares during the quarter. Rockland Trust Co.’s holdings in Comcast were worth $1,709,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Krane Funds Advisors LLC purchased a new stake in shares of Comcast during the second quarter valued at $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Comcast during the second quarter valued at $26,000. Mackey Komara & Dankovich LLC boosted its stake in shares of Comcast by 52.2% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,032 shares of the cable giant’s stock valued at $29,000 after purchasing an additional 354 shares during the period. Bray Capital Advisors purchased a new stake in Comcast in the second quarter worth about $30,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in Comcast in the second quarter worth about $31,000. 82.75% of the stock is currently owned by institutional investors and hedge funds.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the sale, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on CMCSA shares. Pivotal Research upped their price objective on shares of Comcast from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Co started coverage on shares of Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Rosenblatt Securities started coverage on shares of Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective for the company. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research note on Thursday, September 5th. Finally, Bank of America set a $58.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average target price of $48.70.

Shares of NASDAQ:CMCSA opened at $45.55 on Friday. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $47.27. The company’s 50 day moving average is $45.09 and its 200 day moving average is $43.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The company has a market cap of $207.02 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Comcast’s quarterly revenue was up 23.6% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 3.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 annualized dividend and a yield of 1.84%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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