Union Savings Bank Sells 462 Shares of Comcast Co. (NASDAQ:CMCSA)

Union Savings Bank cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,661 shares of the cable giant’s stock after selling 462 shares during the quarter. Union Savings Bank’s holdings in Comcast were worth $137,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CMCSA. Sei Investments Co. raised its stake in shares of Comcast by 8.4% in the second quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant’s stock worth $92,026,000 after purchasing an additional 182,130 shares during the last quarter. Holderness Investments Co. raised its position in Comcast by 1.4% in the 2nd quarter. Holderness Investments Co. now owns 26,343 shares of the cable giant’s stock valued at $1,032,000 after buying an additional 356 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Comcast by 45,218.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 95,169 shares of the cable giant’s stock worth $3,727,000 after acquiring an additional 94,959 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Comcast by 60.9% in the second quarter. Epoch Investment Partners Inc. now owns 2,058,445 shares of the cable giant’s stock valued at $80,609,000 after purchasing an additional 778,760 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Comcast during the second quarter valued at about $26,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Finally, Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on 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 owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA opened at $36.58 on Monday. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The stock’s fifty day simple moving average is $39.97 and its two-hundred day simple moving average is $40.18. The stock has a market capitalization of $139.97 billion, a PE ratio of 9.83, a price-to-earnings-growth 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 (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 EPS. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

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

About Comcast

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.