Crews Bank & Trust Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Crews Bank & Trust acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,181 shares of the cable giant’s stock, valued at approximately $307,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $30,000. McClarren Financial Advisors Inc. boosted its stake 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 valued at $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% in 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 last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction 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 transaction, the president now directly 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 disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $33.25 on Friday. 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 company has a market capitalization of $127.23 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company’s 50 day moving average price is $39.01 and its two-hundred day moving average price is $40.15. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. On average, analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMCSA shares. Barclays raised their target price 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. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.