Country Trust Bank Has $82,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Country Trust Bank raised its position in Comcast Co. (NASDAQ:CMCSA) by 101.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,967 shares of the cable giant’s stock after purchasing an additional 990 shares during the quarter. Country Trust Bank’s holdings in Comcast were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its position in shares of Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares during the last quarter. Verum Partners LLC grew its position in shares of Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after acquiring an additional 267 shares during the period. Mcdonald Partners LLC raised its holdings in shares of Comcast by 1.4% in the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after purchasing an additional 270 shares during the period. Finally, Plancorp LLC grew its holdings in Comcast by 0.4% during the second quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock valued at $2,926,000 after purchasing an additional 277 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $40.95 on Wednesday. The stock has a market cap of $160.67 billion, a P/E ratio of 10.83, a PEG ratio of 1.08 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $39.94 and its two-hundred day moving average price is $39.49. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the firm posted $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMCSA. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Company 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.