American Trust Has $3.34 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

American Trust lowered its position in Comcast Co. (NASDAQ:CMCSA) by 15.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 79,929 shares of the cable giant’s stock after selling 14,507 shares during the period. American Trust’s holdings in Comcast were worth $3,339,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CMCSA. Fairscale Capital LLC bought a new stake in Comcast in the second quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast in the second quarter valued at approximately $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter worth approximately $30,000. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Trading Up 1.3 %

NASDAQ CMCSA opened at $40.24 on Friday. The firm has a market cap of $153.98 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock has a 50-day moving average of $42.33 and a 200-day moving average of $40.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

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