FineMark National Bank & Trust Has $1.25 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

FineMark National Bank & Trust trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,365 shares of the cable giant’s stock after selling 5,152 shares during the period. FineMark National Bank & Trust’s holdings in Comcast were worth $1,252,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its position in Comcast by 3.3% in the third quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock valued at $2,072,000 after acquiring an additional 1,566 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Comcast by 24.8% in the 3rd quarter. Larson Financial Group LLC now owns 19,783 shares of the cable giant’s stock valued at $826,000 after purchasing an additional 3,927 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of Comcast by 2.7% during the 3rd quarter. Centaurus Financial Inc. now owns 14,566 shares of the cable giant’s stock valued at $608,000 after purchasing an additional 384 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Comcast by 30.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 427,120 shares of the cable giant’s stock worth $17,841,000 after purchasing an additional 98,605 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Comcast by 3.6% in the 3rd quarter. Private Trust Co. NA now owns 32,029 shares of the cable giant’s stock valued at $1,338,000 after purchasing an additional 1,110 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $36.94 on Wednesday. The stock has a market cap of $139.67 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average is $35.85 and its 200 day moving average is $39.04. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.57%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities lowered their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Finally, Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

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.