FARMERS & MERCHANTS TRUST Co OF LONG BEACH Purchases 649 Shares of Comcast Co. (NASDAQ:CMCSA)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Comcast Co. (NASDAQ:CMCSA) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,690 shares of the cable giant’s stock after acquiring an additional 649 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Comcast were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter worth about $26,000. Winch Advisory Services LLC grew 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 worth $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the 3rd 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 in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.58 on Friday. 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 Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The firm has a 50 day moving average of $40.11 and a 200 day moving average of $40.18.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. On average, research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMCSA shares. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Barclays lifted their target price 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 issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $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 currently owned by 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.