Moody National Bank Trust Division Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Moody National Bank Trust Division increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,851 shares of the cable giant’s stock after acquiring an additional 2,145 shares during the quarter. Moody National Bank Trust Division’s holdings in Comcast were worth $2,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CMCSA. Westmount Partners LLC raised its position in shares of Comcast by 5.5% in the 4th quarter. Westmount Partners LLC now owns 18,041 shares of the cable giant’s stock worth $677,000 after acquiring an additional 933 shares in the last quarter. Agate Pass Investment Management LLC purchased a new stake in Comcast in the fourth quarter worth $263,000. Capital Investment Advisors LLC raised its holdings in Comcast by 9.0% in the fourth quarter. Capital Investment Advisors LLC now owns 50,256 shares of the cable giant’s stock worth $1,886,000 after purchasing an additional 4,148 shares in the last quarter. Brookstone Capital Management lifted its position in Comcast by 7.1% during the fourth quarter. Brookstone Capital Management now owns 212,982 shares of the cable giant’s stock valued at $7,993,000 after buying an additional 14,128 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of Comcast by 11.8% during the 4th quarter. Trust Co. of Toledo NA OH now owns 80,742 shares of the cable giant’s stock valued at $3,030,000 after buying an additional 8,517 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

Shares of NASDAQ:CMCSA traded up $0.09 during trading on Monday, reaching $36.45. The company’s stock had a trading volume of 8,632,266 shares, compared to its average volume of 22,875,773. Comcast Co. has a 12 month low of $36.24 and a 12 month high of $47.11. 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 firm’s 50 day simple moving average is $40.69 and its two-hundred day simple moving average is $40.26. The stock has a market capitalization of $139.48 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm 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%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. On average, research analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the 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 owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 transaction, the chief executive officer now 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. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective 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. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Company 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.