FineMark National Bank & Trust Has $6.48 Million Holdings in Comcast Co. (CMCSA)

FineMark National Bank & Trust lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.9% in the third quarter, HoldingsChannel.com reports. The fund owned 183,115 shares of the cable giant’s stock after selling 20,067 shares during the period. FineMark National Bank & Trust’s holdings in Comcast were worth $6,484,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CMCSA. Bank of The West lifted its holdings in shares of Comcast by 3.1% in the third quarter. Bank of The West now owns 343,858 shares of the cable giant’s stock valued at $12,176,000 after buying an additional 10,371 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in shares of Comcast by 8.1% in the third quarter. Canandaigua National Bank & Trust Co. now owns 75,159 shares of the cable giant’s stock valued at $2,661,000 after buying an additional 5,602 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Comcast in the third quarter valued at $563,000. Cadence Capital Management LLC lifted its holdings in shares of Comcast by 15.6% in the third quarter. Cadence Capital Management LLC now owns 290,738 shares of the cable giant’s stock valued at $10,295,000 after buying an additional 39,171 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Comcast by 3.8% in the third quarter. Gamco Investors INC. ET AL now owns 1,414,939 shares of the cable giant’s stock valued at $50,103,000 after buying an additional 51,852 shares during the period. Institutional investors own 80.39% of the company’s stock.

CMCSA has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Comcast in a report on Friday, October 12th. They issued an “overweight” rating and a $42.00 price objective for the company. BidaskClub upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Scotiabank set a $48.00 price objective on Comcast and gave the company a “buy” rating in a report on Wednesday, October 31st. Pivotal Research restated a “buy” rating and issued a $48.00 price objective on shares of Comcast in a report on Thursday, September 20th. Finally, KeyCorp upped their price objective on Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, September 26th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and an average price target of $44.57.

In related news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Shares of NASDAQ CMCSA opened at $38.34 on Friday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The firm has a market cap of $177.88 billion, a PE ratio of 15.89, a P/E/G ratio of 1.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. On average, research analysts anticipate that Comcast Co. will post 2.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio is 36.89%.

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Comcast Company Profile

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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