First American Trust FSB Sells 50,681 Shares of Comcast Co. (NASDAQ:CMCSA)

First American Trust FSB reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,050 shares of the cable giant's stock after selling 50,681 shares during the period. First American Trust FSB's holdings in Comcast were worth $6,448,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Keystone Financial Services lifted its holdings in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant's stock worth $896,000 after acquiring an additional 229 shares during the period. Capital Investment Advisors LLC grew its position in Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant's stock valued at $1,550,000 after acquiring an additional 238 shares in the last quarter. Ironwood Financial llc grew its position in Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant's stock valued at $685,000 after acquiring an additional 238 shares in the last quarter. Welch Group LLC grew its position in Comcast by 4.4% in the third quarter. Welch Group LLC now owns 5,674 shares of the cable giant's stock valued at $252,000 after acquiring an additional 239 shares in the last quarter. Finally, Tradewinds LLC. grew its position in Comcast by 1.3% in the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant's stock valued at $807,000 after acquiring an additional 241 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 0.2 %

Comcast stock traded up $0.06 during mid-day trading on Monday, hitting $39.43. The company's stock had a trading volume of 21,028,808 shares, compared to its average volume of 20,710,318. The firm has a market capitalization of $156.61 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock's fifty day moving average is $42.18 and its two-hundred day moving average is $42.86.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analysts' expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.29. Comcast's payout ratio is currently 33.33%.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup raised their target price on Comcast from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Rosenblatt Securities raised their target price on Comcast from $44.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, December 22nd. BNP Paribas restated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.50.

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.

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