MEMBERS Trust Co trimmed its position in shares of Comcast (NASDAQ:CMCSA) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,244 shares of the cable giant’s stock after selling 1,774 shares during the period. MEMBERS Trust Co’s holdings in Comcast were worth $450,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $102,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Comcast in the third quarter valued at $104,000. Vigilant Capital Management LLC raised its stake in shares of Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC raised its stake in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Tower View Investment Management & Research LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $109,000. Institutional investors own 83.54% of the company’s stock.
Shares of CMCSA stock opened at $33.21 on Monday. The stock has a market cap of $154,244.06, a price-to-earnings ratio of 16.12, a PEG ratio of 1.22 and a beta of 1.17. Comcast has a 1 year low of $32.74 and a 1 year high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In related news, EVP Arthur R. Block sold 2,471 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $87,967.60. Following the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at $2,242,372.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 358,353 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total value of $13,219,642.17. Following the transaction, the chief executive officer now directly owns 1,717,788 shares in the company, valued at approximately $63,369,199.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,400,867 shares of company stock worth $52,408,044. Corporate insiders own 1.28% of the company’s stock.
Several analysts have recently issued reports on CMCSA shares. Pivotal Research reiterated a “buy” rating and issued a $113.00 price objective on shares of Comcast in a research note on Wednesday, February 28th. UBS reduced their price objective on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Scotiabank set a $52.00 price objective on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Evercore ISI reiterated an “outperform” rating and issued a $48.00 price objective (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Buckingham Research increased their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $46.84.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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