United Community Bank Sells 295 Shares of Comcast Co. (NASDAQ:CMCSA)

United Community Bank cut its stake in Comcast Co. (NASDAQ:CMCSA) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,788 shares of the cable giant’s stock after selling 295 shares during the period. United Community Bank’s holdings in Comcast were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Amundi boosted its stake in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Comcast by 5.8% in the 4th quarter. Larson Financial Group LLC now owns 20,940 shares of the cable giant’s stock valued at $786,000 after purchasing an additional 1,157 shares during the last quarter. Arjuna Capital boosted its stake in shares of Comcast by 66.4% in the 4th quarter. Arjuna Capital now owns 107,786 shares of the cable giant’s stock valued at $4,045,000 after purchasing an additional 43,030 shares during the last quarter. Banco Santander S.A. boosted its stake in shares of Comcast by 0.6% in the 4th quarter. Banco Santander S.A. now owns 636,625 shares of the cable giant’s stock valued at $23,893,000 after purchasing an additional 4,073 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in Comcast by 143.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,846 shares of the cable giant’s stock worth $76,000 after acquiring an additional 1,089 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $37.59 on Friday. The company has a market cap of $142.13 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company’s fifty day simple moving average is $36.12 and its 200 day simple moving average is $39.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Benchmark reduced their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Barclays dropped their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

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.