Comcast Co. (CMCSA) Position Increased by Sandy Spring Bank

Sandy Spring Bank grew its stake in Comcast Co. (NASDAQ:CMCSA) by 39.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,637 shares of the cable giant’s stock after acquiring an additional 11,772 shares during the period. Sandy Spring Bank’s holdings in Comcast were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its stake in Comcast by 2.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 55,671 shares of the cable giant’s stock valued at $2,230,000 after acquiring an additional 1,418 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in Comcast by 13.4% in the second quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock valued at $401,000 after acquiring an additional 1,444 shares in the last quarter. Cypress Wealth Advisors LLC raised its holdings in shares of Comcast by 15.3% in the fourth quarter. Cypress Wealth Advisors LLC now owns 11,240 shares of the cable giant’s stock worth $450,000 after buying an additional 1,488 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Comcast by 1.2% in the second quarter. First Citizens Bank & Trust Co. now owns 124,543 shares of the cable giant’s stock worth $4,087,000 after buying an additional 1,493 shares during the last quarter. Finally, Perkins Coie Trust Co raised its holdings in shares of Comcast by 2.1% in the second quarter. Perkins Coie Trust Co now owns 74,403 shares of the cable giant’s stock worth $2,440,000 after buying an additional 1,534 shares during the last quarter. Institutional investors and hedge funds own 80.89% of the company’s stock.

A number of research analysts have issued reports on the stock. Pivotal Research reaffirmed a “buy” rating on shares of Comcast in a report on Friday. Atlantic Securities raised shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, August 6th. Robert W. Baird decreased their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, July 30th. Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Finally, BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.79.

In related news, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.31% of the company’s stock.

Shares of Comcast opened at $35.08 on Monday, according to Marketbeat Ratings. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The stock has a market capitalization of $162.93 billion, a PE ratio of 17.03, a P/E/G ratio of 1.23 and a beta of 1.23. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. research analysts predict that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.17%. Comcast’s payout ratio is presently 36.89%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Further Reading: What are CEFs?

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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