First American Trust FSB Increases Holdings in Comcast Co. (CMCSA)
First American Trust FSB grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,802 shares of the cable giant’s stock after purchasing an additional 4,072 shares during the quarter. Comcast makes up about 1.2% of First American Trust FSB’s portfolio, making the stock its 25th biggest holding. First American Trust FSB’s holdings in Comcast were worth $4,965,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Univest Corp of Pennsylvania increased its holdings in Comcast by 1.5% during the 3rd quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock worth $4,743,000 after purchasing an additional 1,944 shares during the last quarter. Bristlecone Advisors LLC increased its holdings in Comcast by 66.5% in the third quarter. Bristlecone Advisors LLC now owns 49,833 shares of the cable giant’s stock valued at $1,765,000 after purchasing an additional 19,896 shares during the period. Blue Chip Partners Inc. increased its holdings in Comcast by 22.9% in the third quarter. Blue Chip Partners Inc. now owns 190,509 shares of the cable giant’s stock valued at $6,746,000 after purchasing an additional 35,444 shares during the period. Ironvine Capital Partners LLC increased its holdings in Comcast by 4.6% in the third quarter. Ironvine Capital Partners LLC now owns 458,223 shares of the cable giant’s stock valued at $16,226,000 after purchasing an additional 20,089 shares during the period. Finally, Systematic Financial Management LP increased its holdings in Comcast by 19.8% in the third quarter. Systematic Financial Management LP now owns 123,754 shares of the cable giant’s stock valued at $4,382,000 after purchasing an additional 20,476 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on CMCSA shares. BidaskClub lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 5th. Oppenheimer restated a “market perform” rating and issued a $42.00 target price on shares of Comcast in a report on Monday, September 24th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. TD Securities lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $38.00 target price on shares of Comcast in a report on Monday, October 22nd. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.42.
Shares of NASDAQ:CMCSA traded down $0.20 during trading on Friday, hitting $35.62. 1,199,694 shares of the stock traded hands, compared to its average volume of 20,104,248. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $167.48 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. On average, sell-side analysts anticipate that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.13%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
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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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