First Interstate Bank Has $3.37 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

First Interstate Bank cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 76,814 shares of the cable giant’s stock after selling 2,469 shares during the quarter. First Interstate Bank’s holdings in Comcast were worth $3,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. NewSquare Capital LLC raised its stake in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Quilter Plc purchased a new stake in shares of Comcast during the 1st quarter worth about $695,100,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Comcast in the 3rd quarter valued at approximately $33,000. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast in the 4th quarter valued at approximately $34,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Comcast in the 4th quarter valued at approximately $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA traded down $0.31 during trading on Tuesday, hitting $39.12. The company’s stock had a trading volume of 18,926,754 shares, compared to its average volume of 20,685,482. The firm’s 50 day moving average price is $42.08 and its two-hundred day moving average price is $42.83. 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 Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market capitalization of $155.38 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities raised their price objective on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company lowered their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.

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.