Washington Trust Bank increased its position in Comcast Corporation (NASDAQ:CMCSA) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,501 shares of the cable giant’s stock after buying an additional 507 shares during the period. Washington Trust Bank’s holdings in Comcast Corporation were worth $603,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC boosted its position in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora boosted its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares in the last quarter. Zions Bancorporation boosted its position in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares in the last quarter. Finally, CT Financial Advisors LLC boosted its position in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 0.93% on Friday, reaching $41.11. 16,735,288 shares of the company traded hands. The stock’s 50 day moving average price is $39.47 and its 200-day moving average price is $38.77. The stock has a market capitalization of $193.77 billion, a P/E ratio of 20.71 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.

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A number of equities analysts recently issued reports on CMCSA shares. Macquarie reiterated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Instinet reiterated a “buy” rating and set a $43.00 price objective (down from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Deutsche Bank AG reiterated a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Wunderlich upped their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.69.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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