Community Trust & Investment Co. Acquires 2,034 Shares of Comcast Co. (NASDAQ:CMCSA)

Community Trust & Investment Co. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 82,547 shares of the cable giant’s stock after purchasing an additional 2,034 shares during the period. Community Trust & Investment Co.’s holdings in Comcast were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pines Wealth Management LLC bought a new stake in Comcast during the fourth quarter worth about $316,000. Accurate Wealth Management LLC lifted its holdings in shares of Comcast by 5.5% during the 4th quarter. Accurate Wealth Management LLC now owns 13,278 shares of the cable giant’s stock worth $483,000 after acquiring an additional 697 shares during the period. Quantum Financial Advisors LLC boosted its position in shares of Comcast by 5.6% during the 4th quarter. Quantum Financial Advisors LLC now owns 9,752 shares of the cable giant’s stock worth $366,000 after acquiring an additional 514 shares in the last quarter. Breakwater Capital Group increased its stake in Comcast by 10.8% in the fourth quarter. Breakwater Capital Group now owns 18,489 shares of the cable giant’s stock valued at $694,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Wallace Advisory Group LLC bought a new position in Comcast in the fourth quarter valued at approximately $183,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMCSA shares. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Trading Down 0.2 %

NASDAQ CMCSA opened at $36.38 on Wednesday. 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 firm has a market capitalization of $139.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The business’s 50-day moving average price is $40.44 and its two-hundred day moving average price is $40.23.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the business earned $1.08 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.26 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 issued 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 3.41%. Comcast’s payout ratio is currently 33.33%.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was 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.

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.