Comcast Co. (NASDAQ:CMCSA) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,436 shares of the cable giant’s stock after selling 10,300 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Comcast were worth $1,598,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC boosted its position in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter worth $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast in the third quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Comcast by 205.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after acquiring an additional 617 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday. Rosenblatt Securities raised their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Wells Fargo & Company raised their target price on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Pivotal Research raised their target price on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.68.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded up $0.28 during mid-day trading on Friday, hitting $43.35. 21,157,395 shares of the company’s stock were exchanged, compared to its average volume of 21,456,214. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The stock’s 50-day simple moving average is $43.11 and its 200-day simple moving average is $43.22. The firm has a market cap of $172.18 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, equities research analysts expect that Comcast Co. will post 4.3 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 31.18%.

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.