First National Bank of Mount Dora Trust Investment Services Acquires 25,314 Shares of Comcast Co. (NASDAQ:CMCSA)

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,071 shares of the cable giant's stock after purchasing an additional 25,314 shares during the period. Comcast makes up 1.8% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 18th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Comcast were worth $7,272,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter worth about $28,000. Retirement Wealth Solutions LLC increased its position in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CMCSA. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. KeyCorp lowered their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $1.02 during trading hours on Tuesday, hitting $35.62. 21,239,426 shares of the stock were exchanged, compared to its average volume of 22,033,427. The firm has a market capitalization of $132.99 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50 day moving average is $34.35 and its 200 day moving average is $36.27.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The firm's revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.