United Bank Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

United Bank decreased its position in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,649 shares of the cable giant’s stock after selling 600 shares during the period. United Bank’s holdings in Comcast were worth $1,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC bought a new position in Comcast in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast in the second quarter valued at about $27,000. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% during the third 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 last quarter. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.6 %

CMCSA opened at $43.91 on Friday. The company has a fifty day moving average of $41.18 and a two-hundred day moving average of $39.71. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock has a market capitalization of $170.04 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company 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%. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Company raised their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Barclays increased their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.