Trustmark National Bank Trust Department Has $4.65 Million Position in Comcast Corporation (CMCSA)
Trustmark National Bank Trust Department boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,567 shares of the cable giant’s stock after purchasing an additional 7,290 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Comcast were worth $4,654,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. First Bank & Trust boosted its holdings in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the last quarter. Zions Bancorporation boosted its holdings in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. Founders Capital Management acquired a new position in Comcast during the first quarter worth $113,000. Pacific Center for Financial Services raised its position in Comcast by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Partners Capital Investment Group Holdings LLC raised its position in Comcast by 100.0% during the first quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock worth $131,000 after acquiring an additional 1,744 shares in the last quarter. Institutional investors own 82.51% of the company’s stock.
Several analysts have issued reports on CMCSA shares. Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Argus upped their price target on shares of Comcast from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. UBS reaffirmed an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast in a research report on Friday, September 1st. Finally, ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.93.
Comcast Corporation (NASDAQ CMCSA) opened at $37.54 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a one year low of $34.03 and a one year high of $42.18. The company has a market cap of $173,820.00, a PE ratio of 17.99, a P/E/G ratio of 1.73 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the prior year, the company posted $0.92 earnings per share. Comcast’s revenue was down 1.6% compared to the same quarter last year. research analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
In other Comcast news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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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