Whittier Trust Co. Buys 21,075 Shares of Comcast Corporation $CMCSA

Whittier Trust Co. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 437,262 shares of the cable giant’s stock after buying an additional 21,075 shares during the period. Whittier Trust Co.’s holdings in Comcast were worth $12,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. DGS Capital Management LLC boosted its holdings in Comcast by 58.3% in the 1st quarter. DGS Capital Management LLC now owns 72,832 shares of the cable giant’s stock worth $2,091,000 after buying an additional 26,835 shares during the period. Ascentis Independent Advisors lifted its position in shares of Comcast by 39.3% in the first quarter. Ascentis Independent Advisors now owns 24,908 shares of the cable giant’s stock valued at $715,000 after acquiring an additional 7,027 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Comcast by 7.7% in the first quarter. Stephens Inc. AR now owns 113,348 shares of the cable giant’s stock worth $3,257,000 after acquiring an additional 8,094 shares during the period. NBT Bank N A NY boosted its stake in shares of Comcast by 4.1% in the first quarter. NBT Bank N A NY now owns 28,554 shares of the cable giant’s stock worth $820,000 after acquiring an additional 1,134 shares during the period. Finally, One River Asset Management LLC purchased a new stake in shares of Comcast during the first quarter worth about $746,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMCSA. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. KeyCorp restated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.04.

Comcast Trading Up 2.5%

CMCSA stock traded up $0.58 during midday trading on Tuesday, reaching $23.96. 7,106,788 shares of the company traded hands, compared to its average volume of 34,614,328. The firm has a market capitalization of $85.61 billion, a price-to-earnings ratio of 4.72, a P/E/G ratio of 1.95 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50 day moving average of $24.75 and a 200-day moving average of $27.92. Comcast Corporation has a 52-week low of $22.13 and a 52-week high of $36.06.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Corporation will post 3.5 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.