Comcast Co. (NASDAQ:CMCSA) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,495 shares of the cable giant’s stock after selling 333 shares during the quarter. Peoples Financial Services CORP.’s holdings in Comcast were worth $694,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $30,000. Iron Horse Wealth Management LLC raised its stake in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC increased its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Stock Performance

CMCSA opened at $36.38 on Wednesday. The company has a market cap of $139.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The stock has a 50-day moving average of $40.44 and a 200-day moving average of $40.23. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during 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 firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCSA. Barclays boosted their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.33.

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.