Trust Co. of Toledo NA OH Increases Position in Comcast Co. (NASDAQ:CMCSA)

Trust Co. of Toledo NA OH grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 80,742 shares of the cable giant’s stock after purchasing an additional 8,517 shares during the period. Trust Co. of Toledo NA OH’s holdings in Comcast were worth $3,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new stake in shares of Comcast in the second quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter worth about $30,000. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its holdings in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMCSA. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Finally, Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

Comcast stock traded up $0.23 during mid-day trading on Monday, hitting $36.59. The stock had a trading volume of 3,277,418 shares, compared to its average volume of 22,066,154. Comcast Co. has a one year low of $36.24 and a one year 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 $140.01 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.50 and a beta of 1.01. The firm’s 50 day moving average is $40.69 and its 200 day moving average is $40.26.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.