Cadence Bank Buys 2,335 Shares of Comcast Co. (NASDAQ:CMCSA)

Cadence Bank boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,607 shares of the cable giant’s stock after purchasing an additional 2,335 shares during the period. Cadence Bank’s holdings in Comcast were worth $6,792,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Koshinski Asset Management Inc. lifted its holdings in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC grew its stake in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares during the period. Abich Financial Wealth Management LLC lifted its position in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after acquiring an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $42.64 on Wednesday. The company’s fifty day moving average is $42.13 and its 200 day moving average is $40.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market cap of $163.16 billion, a PE ratio of 11.46, a PEG ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays increased their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Macquarie boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.19.

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.