First United Bank & Trust Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

First United Bank & Trust lessened its position in Comcast Co. (NASDAQ:CMCSA) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,324 shares of the cable giant’s stock after selling 982 shares during the period. First United Bank & Trust’s holdings in Comcast were worth $800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC bought a new position in Comcast in the 2nd quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in Comcast by 5.3% in the second quarter. EverSource Wealth Advisors LLC now owns 29,725 shares of the cable giant’s stock worth $1,227,000 after buying an additional 1,484 shares during the period. Steel Grove Capital Advisors LLC boosted its position in Comcast by 1.2% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 43,342 shares of the cable giant’s stock valued at $1,697,000 after acquiring an additional 508 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Comcast by 13.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock worth $21,300,000 after acquiring an additional 62,514 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in shares of Comcast by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock valued at $3,115,000 after purchasing an additional 2,153 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 0.7 %

Shares of NASDAQ:CMCSA opened at $36.58 on Tuesday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $39.97 and its two-hundred day simple moving average is $40.19.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Macquarie reaffirmed a “neutral” rating and set a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction 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 completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

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.