Greenleaf Trust Has $3.46 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Greenleaf Trust decreased its position in Comcast Co. (NASDAQ:CMCSA) by 17.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 92,050 shares of the cable giant’s stock after selling 19,045 shares during the period. Greenleaf Trust’s holdings in Comcast were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. increased its position in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares in the last quarter. Taurus Asset Management LLC increased its position 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 valued at $381,000 after acquiring an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its position in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares in the last quarter. Finally, Saxon Interests Inc. increased its position in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents 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.

Comcast Stock Up 1.2 %

CMCSA opened at $33.66 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $128.80 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. The firm’s fifty day moving average is $38.61 and its 200 day moving average is $40.07. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $47.11.

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 analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, sell-side analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

About Comcast

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.