Arbor Trust Wealth Advisors LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Arbor Trust Wealth Advisors LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,300 shares of the cable giant’s stock after buying an additional 2,205 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Comcast were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Everett Harris & Co. CA raised its holdings in shares of Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares during the last quarter. Altus Wealth Group LLC increased its stake in Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after purchasing an additional 1,432 shares during the last quarter. PFG Advisors increased its stake in Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Comcast in the third quarter valued at $8,868,000. Finally, MV Capital Management Inc. increased its stake in Comcast by 4.4% in the fourth quarter. MV Capital Management Inc. now owns 7,339 shares of the cable giant’s stock valued at $322,000 after purchasing an additional 310 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Finally, Rosenblatt Securities increased their price target on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded down $0.31 during midday trading on Tuesday, reaching $39.12. The stock had a trading volume of 18,926,754 shares, compared to its average volume of 20,685,482. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s 50 day moving average price is $42.08 and its 200-day moving average price is $42.83. The company has a market capitalization of $155.38 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.96 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

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

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.