Canandaigua National Trust Co of Florida Makes New $566,000 Investment in Comcast Corporation $CMCSA

Posted by George Bondi on Oct 7th, 2026

Canandaigua National Trust Co of Florida purchased a new stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 26,001 shares of the cable giant’s stock, valued at approximately $566,000.

A number of other large investors have also made changes to their positions in the company. Bank & Trust Co lifted its holdings in Comcast by 401.2% during the third quarter. Bank & Trust Co now owns 29,049 shares of the cable giant’s stock worth $632,000 after acquiring an additional 23,253 shares in the last quarter. MRA Advisory Group raised its position in shares of Comcast by 51.1% during the third quarter. MRA Advisory Group now owns 15,376 shares of the cable giant’s stock worth $335,000 after purchasing an additional 5,202 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Comcast by 685.7% during the third quarter. Rosenberg Matthew Hamilton now owns 8,391 shares of the cable giant’s stock worth $195,000 after purchasing an additional 7,323 shares during the period. Park National Corp OH grew its position in shares of Comcast by 23.6% in the 3rd quarter. Park National Corp OH now owns 19,445 shares of the cable giant’s stock valued at $423,000 after purchasing an additional 3,717 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Comcast by 12.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 68,822 shares of the cable giant’s stock worth $1,517,000 after purchasing an additional 7,562 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 2.9%

CMCSA traded down $0.62 during trading hours on Wednesday, hitting $20.94. 30,068,672 shares of the company’s stock were exchanged, compared to its average volume of 32,774,625. Comcast Corporation has a 1-year low of $20.88 and a 1-year high of $32.85. The stock’s 50-day moving average is $24.70 and its two-hundred day moving average is $25.25. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 1.55 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the business earned $1.25 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.3%. Comcast’s payout ratio is currently 42.72%.

Key Comcast News

Here are the key news stories impacting Comcast this week:

Positive Sentiment: Comcast plans to distribute approximately $1.17 billion to shareholders on October 28, reinforcing its appeal to income-focused investors. Recent analysis places the dividend yield at roughly 6.12%, which could help support the shares while investors await the separation. Comcast Sends $1.17 Billion to Shareholders on October 28
Positive Sentiment: Valuation-focused coverage highlights Comcast’s shares trading below book value while the company generates substantial free cash flow. Analysts argue that separating the connectivity and media operations could improve strategic focus and eventually lead to a valuation re-rating closer to industry peers. What is Comcast’s Economic Moat, and Is It Widening or Narrowing?
Neutral Sentiment: The next quarterly earnings report is a key near-term catalyst. Expectations call for improved average revenue per user and adjusted EBITDA in connectivity, but potentially softer sequential results in media and entertainment. Comcast’s latest reported quarter beat earnings and revenue estimates, although revenue declined year over year. Comcast Earnings Preview: What to Expect
Negative Sentiment: The planned spin-off introduces execution, balance-sheet and operational uncertainty before any potential benefits are realized. Analysts also cite ongoing convergence headwinds and Comcast’s roughly 25% twelve-month decline as evidence that investors remain concerned about the company’s growth outlook. Comcast: Separation Noise and Convergence Headwinds Trigger Inflation-Beating Dividend Yields

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and cut their price target for the company from $34.00 to $32.00 in a research note on Tuesday, June 30th. Morgan Stanley cut their price objective on shares of Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. BNP Paribas Exane lowered their target price on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Finally, Bank of America reissued a “buy” rating and issued a $35.00 price target (down from $37.00) on shares of Comcast in a research note on Wednesday, September 16th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $31.00.

Get Our Latest Analysis on Comcast

Comcast Profile

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.