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

Community Trust & Investment Co. grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 20.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 124,938 shares of the cable giant’s stock after buying an additional 20,786 shares during the quarter. Community Trust & Investment Co.’s holdings in Comcast were worth $3,067,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. grew its position in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after buying an additional 352 shares in the last quarter. Cora Capital Advisors LLC raised its holdings in Comcast by 3.4% in the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after acquiring an additional 362 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after acquiring an additional 377 shares in the last quarter. WPG Advisers LLC lifted its position in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after acquiring an additional 384 shares during the period. Finally, Addison Advisors LLC grew its holdings in shares of Comcast by 55.7% during the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock worth $32,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $25.36 on Friday. The business has a fifty day simple moving average of $23.69 and a 200 day simple moving average of $27.00. The company has a market cap of $89.99 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, sell-side analysts forecast that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings cut shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wells Fargo & Company set a $23.00 price objective on shares of Comcast and gave the stock an “underweight” rating in a research note on Friday, July 24th. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane dropped their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.96.

Comcast 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.