Comcast Co. (NASDAQ:CMCSA) Shares Sold by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,936 shares of the cable giant’s stock after selling 537 shares during the period. Horizon Bancorp Inc. IN’s holdings in Comcast were worth $171,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital World Investors increased its position in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the period. Norges Bank acquired a new position in Comcast during the 4th quarter valued at about $2,542,988,000. Harris Associates L P grew its position in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after purchasing an additional 1,854,671 shares during the last quarter. LSV Asset Management increased its stake in shares of Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after purchasing an additional 570,050 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after buying an additional 329,278 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.5 %

NASDAQ:CMCSA traded up $0.20 during trading hours on Thursday, hitting $38.05. 7,657,993 shares of the stock traded hands, compared to its average volume of 20,241,990. The firm has a market cap of $149.29 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.95 and a beta of 1.00. The firm has a 50 day moving average price of $38.58 and a 200 day moving average price of $41.26. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.22 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.26%. Comcast’s dividend payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Macquarie decreased their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $48.53.

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.