First National Bank of Mount Dora Trust Investment Services Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 171,424 shares of the cable giant’s stock after acquiring an additional 2,766 shares during the period. Comcast accounts for approximately 1.6% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 19th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Comcast were worth $7,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service increased its holdings in Comcast by 13.5% in the third quarter. National Pension Service now owns 8,701,529 shares of the cable giant’s stock valued at $363,463,000 after buying an additional 1,035,584 shares during the last quarter. Intact Investment Management Inc. increased its holdings in shares of Comcast by 6.5% in the 3rd quarter. Intact Investment Management Inc. now owns 357,450 shares of the cable giant’s stock valued at $14,931,000 after acquiring an additional 21,800 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $461,000. Robeco Institutional Asset Management B.V. boosted its holdings in Comcast by 6.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 988,958 shares of the cable giant’s stock valued at $41,309,000 after purchasing an additional 61,726 shares in the last quarter. Finally, Fort L.P. increased its stake in Comcast by 16.1% in the third quarter. Fort L.P. now owns 6,445 shares of the cable giant’s stock valued at $269,000 after purchasing an additional 894 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Finally, Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 1.3 %

NASDAQ CMCSA traded down $0.55 during mid-day trading on Monday, reaching $43.01. 2,993,583 shares of the stock were exchanged, compared to its average volume of 19,602,814. The business’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $39.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $166.56 billion, a PE ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Comcast Co. will post 4.24 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.88%. Comcast’s payout ratio is 33.33%.

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.