Raymond James Trust N.A. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 440,183 shares of the cable giant’s stock after purchasing an additional 5,082 shares during the period. Comcast comprises approximately 0.9% of Raymond James Trust N.A.’s portfolio, making the stock its 23rd biggest position. Raymond James Trust N.A.’s holdings in Comcast were worth $23,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Chemung Canal Trust Co. increased its holdings in Comcast by 7.7% during the 4th quarter. Chemung Canal Trust Co. now owns 183,752 shares of the cable giant’s stock worth $9,628,000 after purchasing an additional 13,198 shares in the last quarter. Sonora Investment Management LLC boosted its stake in shares of Comcast by 13.7% in the 4th quarter. Sonora Investment Management LLC now owns 3,300 shares of the cable giant’s stock worth $173,000 after buying an additional 398 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Comcast by 23.2% in the 4th quarter. Strategic Investment Advisors MI now owns 8,905 shares of the cable giant’s stock worth $467,000 after buying an additional 1,677 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Comcast by 16.5% in the 4th quarter. IFM Investors Pty Ltd now owns 438,725 shares of the cable giant’s stock worth $22,989,000 after buying an additional 62,051 shares during the last quarter. Finally, Conservest Capital Advisors Inc. boosted its stake in shares of Comcast by 383.9% in the 4th quarter. Conservest Capital Advisors Inc. now owns 42,715 shares of the cable giant’s stock worth $2,238,000 after buying an additional 33,888 shares during the last quarter. 82.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Comcast stock traded up $0.15 during trading on Wednesday, hitting $50.16. The stock had a trading volume of 15,289,302 shares, compared to its average volume of 20,021,383. The firm has a market cap of $229.50 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.77 and a beta of 0.99. Comcast Co. has a 12 month low of $31.70 and a 12 month high of $52.49. The business’s 50-day moving average is $51.17 and its 200 day moving average is $45.93. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 29th. The cable giant reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.14. The firm had revenue of $25.53 billion for the quarter, compared to analysts’ expectations of $24.73 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, equities analysts expect that Comcast Co. will post 2.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, January 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. Comcast’s dividend payout ratio is presently 29.39%.

In related news, CEO Jeff Shell sold 5,582 shares of the stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total value of $285,965.86. Following the transaction, the chief executive officer now owns 348,167 shares of the company’s stock, valued at $17,836,595.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on CMCSA shares. Credit Suisse Group boosted their target price on Comcast from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Barclays boosted their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Citigroup upped their price objective on Comcast from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, October 16th. Smith Barney Citigroup upped their price objective on Comcast from $52.00 to $54.00 in a research note on Tuesday, November 10th. Finally, ValuEngine downgraded Comcast from a “hold” rating to a “sell” rating in a research note on Friday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.57.

Comcast Company 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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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