Trading Report: Today, First Financial Bank N.A. Trust Division decides to keep it stake in Comcast Corp. (CMCSA) to the level of $1,736,000

Today, First Financial Bank N.A. Trust Division decides to keep it stake in Comcast Corp. (CMCSA) to the level of $1,736,000

First Financial Bank N.A. Trust Division lowered its position in shares of Comcast Corp. (NASDAQ:CMCSA) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,177 shares of the cable giant’s stock after selling 294 shares during the period. First Financial Bank N.A. Trust Division’s holdings in Comcast Corp. were worth $1,736,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gofen & Glossberg LLC IL increased its stake in Comcast Corp. by 0.5% in the second quarter. Gofen & Glossberg LLC IL now owns 674,704 shares of the cable giant’s stock worth $43,984,000 after buying an additional 3,403 shares in the last quarter. Intermede Investment Partners Ltd increased its stake in Comcast Corp. by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 854,654 shares of the cable giant’s stock valued at $55,715,000 after buying an additional 17,312 shares in the last quarter. Grisanti Capital Management LLC increased its stake in Comcast Corp. by 87.3% in the second quarter. Grisanti Capital Management LLC now owns 205,065 shares of the cable giant’s stock valued at $13,368,000 after buying an additional 95,590 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Comcast Corp. during the second quarter valued at $15,483,000. Finally, Williams Jones & Associates LLC increased its stake in Comcast Corp. by 0.6% in the second quarter. Williams Jones & Associates LLC now owns 940,251 shares of the cable giant’s stock valued at $61,295,000 after buying an additional 5,307 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 1.23% on Monday, reaching $68.31. 9,786,228 shares of the company were exchanged. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $69.92. The firm’s 50 day moving average price is $64.93 and its 200 day moving average price is $65.14. The stock has a market capitalization of $163.45 billion, a price-to-earnings ratio of 20.04 and a beta of 1.08.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The company earned $21.32 billion during the quarter, compared to analyst estimates of $21.11 billion. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Corp. will post $3.50 EPS for the current year.

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

In related news, EVP Arthur R. Block sold 1,023 shares of Comcast Corp. stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the sale, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David L. Cohen sold 19,444 shares of Comcast Corp. stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total transaction of $1,273,582.00. Following the sale, the executive vice president now owns 257,120 shares of the company’s stock, valued at approximately $16,841,360. 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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