First United Bank & Trust Sells 982 Shares of Comcast Co. (NASDAQ:CMCSA)

First United Bank & Trust reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,324 shares of the cable giant’s stock after selling 982 shares during the quarter. First United Bank & Trust’s holdings in Comcast were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. ARS Investment Partners LLC increased its position in shares of Comcast by 41.0% in the fourth quarter. ARS Investment Partners LLC now owns 191,691 shares of the cable giant’s stock valued at $7,194,000 after acquiring an additional 55,770 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Comcast by 2.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 535,622 shares of the cable giant’s stock valued at $20,102,000 after purchasing an additional 14,230 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Comcast by 3.5% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 85,443 shares of the cable giant’s stock worth $3,207,000 after purchasing an additional 2,912 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Comcast by 38.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 42,277 shares of the cable giant’s stock worth $1,587,000 after purchasing an additional 11,693 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Comcast by 12.6% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 8,761 shares of the cable giant’s stock valued at $329,000 after buying an additional 983 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CMCSA shares. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $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 Stock Performance

Shares of CMCSA opened at $36.58 on Tuesday. The stock has a 50 day moving average of $39.97 and a 200 day moving average of $40.19. 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 company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced 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. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

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

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.