Peoples Financial Services CORP. Has $182,000 Position in Comcast Corporation (CMCSA)

Peoples Financial Services CORP. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 4,698 shares of the cable giant’s stock after buying an additional 500 shares during the period. Peoples Financial Services CORP.’s holdings in Comcast Corporation were worth $182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the last quarter. Advantage Investment Management LLC acquired a new position in shares of Comcast Corporation during the fourth quarter worth approximately $103,000. Zions Bancorporation boosted its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at 39.18 on Wednesday. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company has a 50-day moving average price of $40.15 and a 200-day moving average price of $38.32. The stock has a market cap of $185.83 billion, a price-to-earnings ratio of 20.79 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The company had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $20.10 billion. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. Comcast Corporation’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Equities analysts anticipate that Comcast Corporation will post $1.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s dividend payout ratio (DPR) is presently 33.51%.

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CMCSA has been the topic of a number of recent research reports. Telsey Advisory Group increased their price target on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Credit Suisse Group increased their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Robert W. Baird reiterated an “outperform” rating and set a $40.00 price target on shares of Comcast Corporation in a research report on Friday, April 7th. Finally, Instinet reiterated a “buy” rating and set a $43.00 price target (down from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Comcast Corporation has a consensus rating of “Buy” and an average target price of $44.68.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the sale, the executive vice president now owns 980,498 shares of the company’s stock, valued at $38,229,617.02. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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