Camden National Bank boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,123 shares of the cable giant’s stock after buying an additional 1,393 shares during the quarter. Camden National Bank’s holdings in Comcast were worth $727,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Clarus Wealth Advisors grew its position in Comcast by 72.1% in the third quarter. Clarus Wealth Advisors now owns 13,778 shares of the cable giant’s stock worth $621,000 after buying an additional 5,774 shares during the last quarter. CLARET ASSET MANAGEMENT Corp acquired a new position in Comcast in the third quarter worth approximately $217,000. Welch & Forbes LLC grew its position in Comcast by 3.8% in the third quarter. Welch & Forbes LLC now owns 853,041 shares of the cable giant’s stock worth $38,455,000 after buying an additional 31,544 shares during the last quarter. Abner Herrman & Brock LLC grew its position in Comcast by 45.8% in the third quarter. Abner Herrman & Brock LLC now owns 185,691 shares of the cable giant’s stock worth $8,371,000 after buying an additional 58,341 shares during the last quarter. Finally, Murphy Capital Management Inc. grew its position in Comcast by 2.2% in the third quarter. Murphy Capital Management Inc. now owns 71,391 shares of the cable giant’s stock worth $3,218,000 after buying an additional 1,532 shares during the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.
Shares of CMCSA stock traded up $1.03 on Friday, hitting $45.53. The company’s stock had a trading volume of 1,786,080 shares, compared to its average volume of 16,185,189. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $47.27. The firm’s fifty day moving average price is $45.06 and its 200-day moving average price is $43.15. The stock has a market capitalization of $200.48 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.21 and a beta of 1.08.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Analysts predict that Comcast Co. will post 3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio is 32.94%.
CMCSA has been the topic of several research analyst reports. Bank of America set a $58.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Macquarie initiated coverage on shares of Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective on the stock. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Oppenheimer upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a research report on Thursday, September 5th. Finally, Morgan Stanley lifted their price objective on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.70.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the sale, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Recommended Story: What Does a Sell-Side Analyst Rating Mean?
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.