Comcast Co. (NASDAQ:CMCSA) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp decreased its position in Comcast Co. (NASDAQ:CMCSA) by 42.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,558 shares of the cable giant’s stock after selling 4,026 shares during the period. Tompkins Financial Corp’s holdings in Comcast were worth $232,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Duality Advisers LP acquired a new position in Comcast in the 1st quarter valued at $436,000. Tectonic Advisors LLC lifted its stake in Comcast by 11.4% in the 1st quarter. Tectonic Advisors LLC now owns 22,180 shares of the cable giant’s stock worth $962,000 after purchasing an additional 2,272 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in shares of Comcast by 8.8% during the 1st quarter. KCM Investment Advisors LLC now owns 37,123 shares of the cable giant’s stock worth $1,609,000 after purchasing an additional 3,009 shares during the last quarter. Allegheny Financial Group LTD grew its position in shares of Comcast by 6.2% in the first quarter. Allegheny Financial Group LTD now owns 17,398 shares of the cable giant’s stock valued at $754,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Comcast by 87.4% during the first quarter. Atomi Financial Group Inc. now owns 29,914 shares of the cable giant’s stock worth $1,297,000 after buying an additional 13,951 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Comcast stock traded down $0.28 during mid-day trading on Friday, reaching $43.91. 23,019,736 shares of the company were exchanged, compared to its average volume of 19,732,434. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $41.18 and its two-hundred day simple moving average is $39.71. The firm has a market cap of $170.04 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the business earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Company 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.