Comcast Co. (NASDAQ:CMCSA) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,824 shares of the cable giant’s stock after selling 23,559 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Comcast were worth $2,395,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter valued at $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $30,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% in 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 during the period. Iron Horse Wealth Management LLC raised 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. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie increased their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.39.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on 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 completion of the transaction, 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 on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.6 %

Comcast stock traded up $0.21 during midday trading on Friday, reaching $37.63. The stock had a trading volume of 6,250,501 shares, compared to its average volume of 17,412,820. 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 $36.43 and a 12 month high of $47.11. The company has a fifty day moving average price of $41.33 and a two-hundred day moving average price of $40.25. The company has a market capitalization of $143.99 billion, a P/E ratio of 10.12, a PEG ratio of 1.50 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued 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 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 the consensus estimate of $31.78 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

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 issued 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 yield of 3.30%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Comcast Company 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.