Penobscot Investment Management Company Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 94.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,559 shares of the cable giant’s stock after buying an additional 46,312 shares during the period. Comcast comprises approximately 1.2% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 28th largest position. Penobscot Investment Management Company Inc.’s holdings in Comcast were worth $3,592,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. OLD Second National Bank of Aurora increased its stake in shares of Comcast 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 in the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Comcast during the fourth quarter worth $103,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Comcast during the fourth quarter worth $105,000. Orrstown Financial Services Inc. increased its stake in shares of Comcast 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 in the last quarter. Finally, CT Financial Advisors LLC increased its stake in shares of Comcast by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares in the last quarter. Hedge funds and other institutional investors own 82.03% of the company’s stock.
Comcast Co. (NASDAQ CMCSA) opened at 41.79 on Tuesday. The stock’s 50 day moving average is $39.29 and its 200 day moving average is $37.21. The firm has a market cap of $198.60 billion, a price-to-earnings ratio of 22.17 and a beta of 1.07. Comcast Co. has a 52 week low of $30.02 and a 52 week high of $42.18.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The company had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $20.10 billion. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post $1.98 EPS for the current year.
CMCSA has been the subject of several recent analyst reports. Evercore ISI restated an “overweight” rating on shares of Comcast in a research report on Monday, February 27th. Guggenheim restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, March 1st. Pivotal Research decreased their target price on shares of Comcast to $48.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $44.00 price target on shares of Comcast in a research note on Tuesday, March 28th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $42.50 price target on shares of Comcast in a research note on Friday, April 7th. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus price target of $43.35. In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the completion of the sale, the executive vice president now owns 980,498 shares in the company, valued at $38,229,617.02. The disclosure for this sale can be found here. Insiders sold 341,812 shares of company stock worth $13,201,635 over the last quarter. 1.27% of the stock is owned by corporate insiders.
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