Atwater Malick LLC Has $3.71 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Atwater Malick LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,821 shares of the cable giant’s stock after selling 10,693 shares during the quarter. Comcast makes up approximately 1.2% of Atwater Malick LLC’s holdings, making the stock its 22nd biggest holding. Atwater Malick LLC’s holdings in Comcast were worth $3,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Blair William & Co. IL raised its holdings in shares of Comcast by 197.4% in the second quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock valued at $14,809,000 after buying an additional 251,008 shares during the last quarter. Intech Investment Management LLC increased its position in Comcast by 34.0% in the 2nd quarter. Intech Investment Management LLC now owns 1,636,635 shares of the cable giant’s stock valued at $64,091,000 after acquiring an additional 414,828 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Comcast by 4.4% in the second quarter. Ieq Capital LLC now owns 218,563 shares of the cable giant’s stock worth $8,559,000 after acquiring an additional 9,200 shares during the last quarter. Wealth Advisors of Tampa Bay LLC lifted its position in shares of Comcast by 6.4% during the second quarter. Wealth Advisors of Tampa Bay LLC now owns 107,974 shares of the cable giant’s stock worth $4,228,000 after purchasing an additional 6,450 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Comcast by 45.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 160,112 shares of the cable giant’s stock valued at $6,270,000 after purchasing an additional 50,372 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company reduced 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 note on Monday, January 6th. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Up 0.7 %

Comcast stock opened at $36.58 on Friday. The company has a fifty day simple moving average of $40.11 and a 200 day simple moving average of $40.18. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The company has a market cap of $139.97 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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 firm had revenue of $32.07 billion during 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%. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

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.