Crews Bank & Trust Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Crews Bank & Trust acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,181 shares of the cable giant’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Regal Investment Advisors LLC lifted its holdings in shares of Comcast by 8.5% during the second quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock worth $345,000 after buying an additional 687 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Comcast during the second quarter worth $68,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Comcast by 77.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,594,006 shares of the cable giant’s stock worth $140,741,000 after buying an additional 1,568,995 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Comcast by 77.2% during the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock worth $555,000 after buying an additional 6,179 shares in the last quarter. Finally, Ashburton Jersey Ltd acquired a new stake in shares of Comcast during the second quarter worth $76,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 11.0 %

Shares of NASDAQ CMCSA opened at $33.25 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $127.23 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $47.11. The stock has a 50-day moving average price of $39.01 and a two-hundred day moving average price of $40.15.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. As a group, analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMCSA. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $48.00 to $45.00 in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’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 value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.