Central Bank & Trust Co. Sells 22,989 Shares of Comcast Co. (NASDAQ:CMCSA)

Central Bank & Trust Co. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,973 shares of the cable giant’s stock after selling 22,989 shares during the period. Central Bank & Trust Co.’s holdings in Comcast were worth $3,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in Comcast during the second quarter valued at $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Comcast by 5.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 29,725 shares of the cable giant’s stock valued at $1,227,000 after purchasing an additional 1,484 shares during the period. Steel Grove Capital Advisors LLC increased its position in shares of Comcast by 1.2% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 43,342 shares of the cable giant’s stock valued at $1,697,000 after purchasing an additional 508 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Comcast by 13.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock worth $21,300,000 after purchasing an additional 62,514 shares during the period. Finally, Evergreen Capital Management LLC grew its position in Comcast by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock valued at $3,115,000 after buying an additional 2,153 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

Shares of NASDAQ:CMCSA opened at $36.58 on Tuesday. The business has a 50-day moving average price of $39.97 and a 200 day moving average price of $40.19. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $1.08 earnings per share. Sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday. Loop Capital cut their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Finally, Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Company Profile

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.