Stock Yards Bank & Trust Co. Has $1.21 Million Stake in Comcast Corporation $CMCSA

Stock Yards Bank & Trust Co. raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,865 shares of the cable giant’s stock after buying an additional 2,246 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Comcast were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Comcast by 25.9% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,604 shares of the cable giant’s stock worth $1,021,000 after buying an additional 5,889 shares in the last quarter. HighMark Wealth Management LLC increased its position in Comcast by 79.9% in the 2nd quarter. HighMark Wealth Management LLC now owns 1,732 shares of the cable giant’s stock valued at $62,000 after acquiring an additional 769 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its position in Comcast by 71.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 1,165 shares of the cable giant’s stock valued at $42,000 after acquiring an additional 484 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its position in Comcast by 6.5% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 181,289 shares of the cable giant’s stock valued at $6,470,000 after acquiring an additional 11,025 shares in the last quarter. Finally, Synergy Asset Management LLC increased its position in Comcast by 7.5% in the 2nd quarter. Synergy Asset Management LLC now owns 167,598 shares of the cable giant’s stock valued at $5,982,000 after acquiring an additional 11,738 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Comcast from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Moffett Nathanson raised their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Citigroup restated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. Finally, Bank of America lowered their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.26.

Comcast Stock Up 1.6%

Shares of NASDAQ CMCSA opened at $30.90 on Friday. The firm has a market capitalization of $114.09 billion, a PE ratio of 5.11, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1 year low of $30.38 and a 1 year high of $45.31. The firm’s 50-day moving average is $32.73 and its 200-day moving average is $34.15.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

About Comcast

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.