Comcast Co. (NASDAQ:CMCSA) Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,895 shares of the cable giant’s stock after selling 965 shares during the quarter. Mechanics Bank Trust Department’s holdings in Comcast were worth $597,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter worth $26,000. Winch Advisory Services LLC lifted its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Comcast by 220.3% during 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. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.7 %

NASDAQ CMCSA opened at $36.58 on Monday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The firm has a 50-day moving average price of $39.97 and a 200 day moving average price of $40.18. The stock has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. Comcast’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.39%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.33.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction 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 sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was 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.