Bank of Nova Scotia Trust Co. Acquires 3,491 Shares of Comcast Corporation $CMCSA

Bank of Nova Scotia Trust Co. raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,924 shares of the cable giant’s stock after purchasing an additional 3,491 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Comcast were worth $4,851,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Global Trust Asset Management LLC grew its position in Comcast by 906.8% in the second 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 last quarter. Cranbrook Wealth Management LLC lifted its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Ransom Advisory Ltd bought a new stake in shares of Comcast during the 1st quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.4%

Shares of CMCSA opened at $26.57 on Friday. The stock’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $32.42. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $43.45. The company has a market capitalization of $96.82 billion, a PE ratio of 4.42, a PEG ratio of 1.82 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Bank of America dropped their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Rosenblatt Securities lowered their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Benchmark reduced their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Barclays lowered their target price on Comcast from $34.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.92.

About Comcast

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.