Oakworth Capital Inc. Sells 994 Shares of Comcast Co. (NASDAQ:CMCSA)

Oakworth Capital Inc. decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 12.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,796 shares of the cable giant’s stock after selling 994 shares during the quarter. Oakworth Capital Inc.’s holdings in Comcast were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. boosted 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 buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter worth about $30,000. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC lifted its position in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.2 %

CMCSA stock opened at $33.94 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a market capitalization of $129.87 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $39.93.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, analysts anticipate that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.89%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 29.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on CMCSA. Citigroup decreased their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities dropped their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. Barclays dropped their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the 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 in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.