Tompkins Financial Corp Sells 1,618 Shares of Comcast Co. (NASDAQ:CMCSA)

Tompkins Financial Corp trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 29.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,940 shares of the cable giant’s stock after selling 1,618 shares during the quarter. Tompkins Financial Corp’s holdings in Comcast were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. KMG Fiduciary Partners LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $1,422,000. Occidental Asset Management LLC increased its stake in Comcast by 7.3% in the 4th quarter. Occidental Asset Management LLC now owns 67,517 shares of the cable giant’s stock worth $2,534,000 after purchasing an additional 4,579 shares during the period. Empirical Asset Management LLC bought a new stake in Comcast in the fourth quarter valued at approximately $843,000. Cypress Wealth Services LLC boosted its stake in shares of Comcast by 2.7% during the fourth quarter. Cypress Wealth Services LLC now owns 18,388 shares of the cable giant’s stock valued at $690,000 after purchasing an additional 488 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Comcast by 1.0% in the fourth quarter. Ritholtz Wealth Management now owns 94,861 shares of the cable giant’s stock worth $3,560,000 after purchasing an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 sale, the president now owns 534,849 shares of the company’s stock, valued at $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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CMCSA shares. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Down 0.5 %

Shares of Comcast stock opened at $36.31 on Friday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $40.27 and a 200 day moving average of $40.20. The firm has a market cap of $138.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. Comcast’s payout ratio is presently 33.33%.

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.