Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,403 shares of the cable giant’s stock after acquiring an additional 1,955 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Comcast were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in Comcast in the second quarter valued at approximately $26,000. Winch Advisory Services LLC increased its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the third quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $36.58 on Friday. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a 50-day moving average of $39.97 and a two-hundred day moving average of $40.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap 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 announced its quarterly earnings data 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 return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast 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.