Peoples Bank KS Has $1.31 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Peoples Bank KS lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,000 shares of the cable giant’s stock after selling 1,090 shares during the period. Peoples Bank KS’s holdings in Comcast were worth $1,313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new stake in Comcast in the second quarter valued at about $27,000. Acadian Asset Management LLC grew its holdings in shares of Comcast by 348.6% during the 2nd quarter. Acadian Asset Management LLC now owns 481,001 shares of the cable giant’s stock valued at $18,832,000 after purchasing an additional 373,779 shares during the last quarter. Quest Partners LLC increased its position in Comcast by 186.2% during the 2nd quarter. Quest Partners LLC now owns 44,618 shares of the cable giant’s stock worth $1,747,000 after purchasing an additional 29,026 shares in the last quarter. Prudential PLC lifted its stake in Comcast by 26.0% in the 2nd quarter. Prudential PLC now owns 195,629 shares of the cable giant’s stock valued at $7,661,000 after purchasing an additional 40,379 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC grew its stake in shares of Comcast by 5.2% during the second quarter. Clifford Swan Investment Counsel LLC now owns 19,077 shares of the cable giant’s stock worth $747,000 after buying an additional 943 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Saturday. TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Trading Down 0.8 %

Shares of CMCSA stock opened at $37.18 on Wednesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day simple moving average of $41.06 and a two-hundred day simple moving average of $40.29. The company has a market cap of $142.27 billion, a P/E ratio of 9.99, a PEG ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.34%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

About Comcast

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.