Equitable Trust Co. Sells 2,209 Shares of Comcast Co. (NASDAQ:CMCSA)

Equitable Trust Co. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,805 shares of the cable giant’s stock after selling 2,209 shares during the quarter. Equitable Trust Co.’s holdings in Comcast were worth $593,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Taurus Asset Management LLC increased its holdings in shares of Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the period. Regent Peak Wealth Advisors LLC grew its position in Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its stake in Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after acquiring an additional 260 shares during the period. Arvest Investments Inc. raised its holdings in Comcast by 1.0% in the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after acquiring an additional 268 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a report on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Performance

Comcast stock opened at $35.23 on Wednesday. The business has a 50 day moving average of $37.54 and a 200-day moving average of $39.85. The company has a market capitalization of $133.21 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.69 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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 approximately $284,539,128.48. This represents 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.