Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,782 shares of the cable giant’s stock after buying an additional 450 shares during the period. Enterprise Bank & Trust Co’s holdings in Comcast were worth $480,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Wilmington Savings Fund Society FSB increased its stake in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the period. FMR LLC increased its stake in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. AQR Capital Management LLC grew its position in Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board grew its position in Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP grew its position in Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after buying an additional 2,000,000 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.3 %

Shares of CMCSA stock traded up $0.12 on Monday, hitting $36.48. The stock had a trading volume of 10,767,537 shares, compared to its average volume of 23,216,758. The business has a 50 day moving average of $40.69 and a 200 day moving average of $40.26. The stock has a market cap of $139.59 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12-month low of $36.24 and a 12-month high of $47.11.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 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 at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CMCSA shares. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.