First American Bank Has $4.12 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

First American Bank decreased its position in Comcast Co. (NASDAQ:CMCSA) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,641 shares of the cable giant’s stock after selling 8,860 shares during the period. First American Bank’s holdings in Comcast were worth $4,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its position 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 worth $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Comcast during the third quarter worth about $30,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Dunhill Financial LLC boosted its stake in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Up 0.8 %

Comcast stock opened at $35.39 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s 50-day moving average is $36.37 and its 200-day moving average is $39.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

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.