Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Somerset Trust Co

Somerset Trust Co increased its stake in Comcast Co. (NASDAQ:CMCSA) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,017 shares of the cable giant’s stock after acquiring an additional 4,315 shares during the period. Somerset Trust Co’s holdings in Comcast were worth $2,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Merit Financial Group LLC raised its holdings in shares of Comcast by 53.1% in the 4th quarter. Merit Financial Group LLC now owns 66,627 shares of the cable giant’s stock valued at $2,501,000 after purchasing an additional 23,114 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in Comcast by 2.5% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 114,552 shares of the cable giant’s stock valued at $4,299,000 after buying an additional 2,803 shares during the last quarter. Chemistry Wealth Management LLC acquired a new stake in Comcast in the fourth quarter valued at $397,000. Boston Common Asset Management LLC lifted its holdings in Comcast by 32.7% during the 4th quarter. Boston Common Asset Management LLC now owns 158,942 shares of the cable giant’s stock worth $5,965,000 after buying an additional 39,136 shares during the last quarter. Finally, Saxon Interests Inc. boosted its position in shares of Comcast by 9.9% during the 4th quarter. Saxon Interests Inc. now owns 14,893 shares of the cable giant’s stock worth $559,000 after acquiring an additional 1,339 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.7 %

CMCSA stock opened at $36.58 on Friday. The company’s 50-day moving average price is $40.11 and its 200 day moving average price is $40.18. The company has a market cap of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. 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 52 week low of $36.15 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMCSA shares. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. Wells Fargo & Company cut their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated 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 owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents 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 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.