Busey Bank Has $432,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Busey Bank decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,516 shares of the cable giant’s stock after selling 1,366 shares during the quarter. Busey Bank’s holdings in Comcast were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Regal Investment Advisors LLC boosted its stake in Comcast by 8.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock worth $345,000 after acquiring an additional 687 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Comcast during the second quarter worth $68,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Comcast by 77.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,594,006 shares of the cable giant’s stock valued at $140,741,000 after buying an additional 1,568,995 shares during the period. Centaurus Financial Inc. increased its position in shares of Comcast by 77.2% in the 2nd quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock valued at $555,000 after buying an additional 6,179 shares in the last quarter. Finally, Ashburton Jersey Ltd acquired a new stake in Comcast during the 2nd quarter worth $76,000. 84.32% of the stock is owned by institutional investors.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’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 transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of 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 position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Down 11.0 %

NASDAQ:CMCSA opened at $33.25 on Friday. The firm has a market capitalization of $127.23 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $47.11. The stock’s 50 day moving average price is $39.01 and its two-hundred day moving average price is $40.15.

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

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average 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.