The City Holding Co. invests in Comcast Corp. (CMCSA) Shares

The City Holding Co. invests in Comcast Corp. (CMCSA) Shares

City Holding Co. increased its position in Comcast Corp. (NASDAQ:CMCSA) by 11.1% during the third quarter, Holdings Channel reports. The firm owned 2,409 shares of the cable giant’s stock after buying an additional 240 shares during the period. City Holding Co.’s holdings in Comcast Corp. were worth $160,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in Comcast Corp. by 35.2% in the third quarter. Advisory Services Network LLC now owns 9,964 shares of the cable giant’s stock worth $661,000 after buying an additional 2,596 shares during the period. Central Bank & Trust Co. boosted its stake in Comcast Corp. by 3.6% in the third quarter. Central Bank & Trust Co. now owns 5,843 shares of the cable giant’s stock worth $388,000 after buying an additional 202 shares during the period. Catawba Capital Management VA boosted its stake in Comcast Corp. by 45.3% in the third quarter. Catawba Capital Management VA now owns 15,211 shares of the cable giant’s stock worth $1,009,000 after buying an additional 4,745 shares during the period. First Mercantile Trust Co. boosted its stake in Comcast Corp. by 302.9% in the third quarter. First Mercantile Trust Co. now owns 54,030 shares of the cable giant’s stock worth $3,585,000 after buying an additional 40,621 shares during the period. Finally, Woodstock Corp boosted its stake in Comcast Corp. by 0.5% in the third quarter. Woodstock Corp now owns 103,479 shares of the cable giant’s stock worth $6,865,000 after buying an additional 560 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Comcast Corp. (NASDAQ:CMCSA) traded up 0.29% on Friday, hitting $69.16. 3,481,776 shares of the company traded hands. The stock’s 50-day moving average is $64.84 and its 200 day moving average is $65.06. The firm has a market capitalization of $165.49 billion, a P/E ratio of 20.29 and a beta of 1.08. Comcast Corp. has a 12 month low of $52.34 and a 12 month high of $69.92.

Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.01. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The firm earned $21.32 billion during the quarter, compared to analysts’ expectations of $21.11 billion. During the same period last year, the business earned $0.80 earnings per share. Comcast Corp.’s revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Comcast Corp. will post $3.50 EPS for the current fiscal year.

A number of brokerages have issued reports on CMCSA. Macquarie raised shares of Comcast Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $69.00 to $77.00 in a report on Monday, October 24th. Jefferies Group reissued a “buy” rating and set a $77.00 target price on shares of Comcast Corp. in a report on Friday, October 7th. Argus reissued a “buy” rating and set a $81.00 target price on shares of Comcast Corp. in a report on Tuesday, September 27th. Robert W. Baird restated an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a research report on Sunday, September 25th. Finally, Barclays PLC restated an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a research report on Thursday, September 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $73.15.

In other Comcast Corp. news, EVP David L. Cohen sold 20,100 shares of the stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $65.01, for a total transaction of $1,306,701.00. Following the completion of the transaction, the executive vice president now owns 257,120 shares of the company’s stock, valued at $16,715,371.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Smit sold 15,121 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $65.68, for a total transaction of $993,147.28. Following the transaction, the executive vice president now directly owns 66,289 shares of the company’s stock, valued at approximately $4,353,861.52. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.

About Comcast Corp.

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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