Fiduciary Trust Co Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

by · The Cerbat Gem

Fiduciary Trust Co grew its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,490 shares of the cable giant’s stock after acquiring an additional 4,140 shares during the period. Fiduciary Trust Co’s holdings in Comcast were worth $7,288,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC grew its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp raised its stake in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock opened at $42.56 on Friday. The firm’s fifty day moving average is $42.23 and its 200 day moving average is $40.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $162.86 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.63 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. Sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Barclays increased their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.19.

View Our Latest Stock Analysis on Comcast

Comcast Company Profile

(Free Report)

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.

Further Reading

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