Trust Co. of Vermont raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,221 shares of the cable giant’s stock after purchasing an additional 1,605 shares during the period. Trust Co. of Vermont’s holdings in Comcast were worth $3,766,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CMCSA. Crewe Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter worth $102,000. Vigilant Capital Management LLC grew its stake in shares of Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after acquiring an additional 2,134 shares during the last quarter. Tower View Investment Management & Research LLC acquired a new stake in shares of Comcast in the fourth quarter worth $109,000. Global Trust Asset Management LLC acquired a new stake in shares of Comcast in the fourth quarter worth $126,000. Finally, Santori & Peters Inc. acquired a new stake in shares of Comcast in the fourth quarter worth $126,000. Institutional investors own 81.49% of the company’s stock.
In other news, SVP Daniel C. Murdock sold 916 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, the senior vice president now directly owns 2,120 shares in the company, valued at $70,384. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 6,358 shares of the firm’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $33.69, for a total value of $214,201.02. Following the completion of the sale, the executive vice president now owns 72,758 shares of the company’s stock, valued at $2,451,217.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,838 shares of company stock valued at $661,247. Company insiders own 1.31% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Jefferies Financial Group began coverage on Comcast in a research report on Thursday, June 7th. They issued a “buy” rating and a $41.00 target price for the company. Atlantic Securities cut Comcast from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 8th. Scotiabank reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast in a research report on Friday, April 20th. Finally, Nomura reduced their target price on Comcast to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the company. Comcast currently has an average rating of “Buy” and an average price target of $46.57.
Shares of NASDAQ CMCSA opened at $33.39 on Thursday. The firm has a market cap of $152.39 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.18 and a beta of 1.19. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. sell-side analysts predict that Comcast Co. will post 2.49 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.28%. Comcast’s payout ratio is presently 36.89%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.