Stock Yards Bank & Trust Co. Has $1.35 Million Position in Comcast Co. (NASDAQ:CMCSA)

Stock Yards Bank & Trust Co. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 35,844 shares of the cable giant’s stock after selling 907 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Comcast were worth $1,345,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the fourth 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. McClarren Financial Advisors Inc. increased 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 buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter valued at $30,000. Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% in the third 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 during the last quarter. Finally, Dunhill Financial LLC increased its position in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 1.4 %

NASDAQ:CMCSA opened at $33.19 on Tuesday. The company has a market cap of $127.00 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.38. The business has a 50 day moving average price of $38.61 and a two-hundred day moving average price of $40.07. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts expect that Comcast Co. will post 4.4 EPS 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Barclays lowered their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Macquarie reduced their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s 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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.