First Financial Bank Trust Division Sells 3,118 Shares of Comcast Co. (NASDAQ:CMCSA)

First Financial Bank Trust Division lowered its position in Comcast Co. (NASDAQ:CMCSA) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,931 shares of the cable giant’s stock after selling 3,118 shares during the period. First Financial Bank Trust Division’s holdings in Comcast were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fiera Capital Corp grew its stake in Comcast by 57.8% in the 2nd quarter. Fiera Capital Corp now owns 88,723 shares of the cable giant’s stock worth $3,474,000 after acquiring an additional 32,482 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in Comcast in the second quarter worth approximately $496,000. Naviter Wealth LLC increased its holdings in Comcast by 29.9% during the 2nd quarter. Naviter Wealth LLC now owns 21,600 shares of the cable giant’s stock worth $846,000 after purchasing an additional 4,969 shares during the period. Founders Financial Securities LLC raised its position in Comcast by 11.4% during the 2nd quarter. Founders Financial Securities LLC now owns 66,221 shares of the cable giant’s stock valued at $2,593,000 after purchasing an additional 6,779 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings 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 period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several recent research reports. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 27th. Macquarie boosted their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.39.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.09 during trading hours on Thursday, hitting $37.44. The company’s stock had a trading volume of 19,026,773 shares, compared to its average volume of 19,704,725. The stock has a market cap of $143.27 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a 50 day moving average of $41.41 and a 200 day moving average of $40.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’s 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s 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 completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $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 company insiders.

Comcast 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.