Comcast Corporation $CMCSA Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 30.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,226 shares of the cable giant’s stock after selling 60,845 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Comcast were worth $4,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC acquired a new stake in Comcast in the first quarter valued at about $26,000. Cranbrook Wealth Management LLC lifted its position in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC lifted its position in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the period. Abound Financial LLC acquired a new stake in shares of Comcast during the 1st quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Comcast during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CMCSA shares. Scotiabank reiterated a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada initiated coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Sanford C. Bernstein dropped their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Finally, Rothschild & Co Redburn dropped their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.94.

Comcast Stock Down 1.5%

CMCSA stock opened at $29.26 on Friday. The stock has a market capitalization of $108.03 billion, a P/E ratio of 4.84, a PEG ratio of 1.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The company has a 50 day moving average price of $32.27 and a two-hundred day moving average price of $33.74.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is presently 21.82%.

Comcast Profile

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.