Farmers National Bank Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Farmers National Bank grew its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 117,941 shares of the cable giant’s stock after acquiring an additional 2,505 shares during the quarter. Comcast comprises about 1.4% of Farmers National Bank’s holdings, making the stock its 21st largest position. Farmers National Bank’s holdings in Comcast were worth $4,619,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Edge Capital Group LLC increased its position in shares of Comcast by 20.2% during the fourth quarter. Edge Capital Group LLC now owns 13,028 shares of the cable giant’s stock worth $571,000 after purchasing an additional 2,189 shares in the last quarter. First Trust Advisors LP raised its stake in Comcast by 6.1% in the fourth quarter. First Trust Advisors LP now owns 3,383,141 shares of the cable giant’s stock valued at $148,351,000 after buying an additional 194,513 shares during the last quarter. Capital World Investors grew its stake in shares of Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after acquiring an additional 15,625,543 shares during the last quarter. Amussen Hunsaker Associates LLC raised its position in shares of Comcast by 3.5% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 9,028 shares of the cable giant’s stock valued at $396,000 after purchasing an additional 307 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Comcast by 184.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 753,487 shares of the cable giant’s stock worth $33,040,000 after purchasing an additional 488,193 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMCSA. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.58.

Comcast Stock Down 0.2 %

CMCSA stock opened at $41.70 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s fifty day moving average is $39.80 and its 200 day moving average is $39.55. The firm has a market cap of $163.62 billion, a PE ratio of 11.03, a P/E/G ratio of 1.08 and a beta of 1.01.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.97%. Comcast’s dividend payout ratio is currently 32.80%.

Comcast 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.