American Trust Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

American Trust trimmed its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 79,929 shares of the cable giant's stock after selling 14,507 shares during the period. American Trust's holdings in Comcast were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock worth $1,277,000 after acquiring an additional 249 shares during the last quarter. Taurus Asset Management LLC increased its stake in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after buying an additional 253 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock worth $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its stake in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock worth $243,000 after buying an additional 260 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant's stock worth $382,000 after buying an additional 261 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 0.8 %

Shares of Comcast stock traded down $0.32 on Friday, reaching $39.92. The stock had a trading volume of 17,988,096 shares, compared to its average volume of 19,639,029. The company has a 50 day moving average price of $42.33 and a 200 day moving average price of $40.31. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a market capitalization of $152.76 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.50 and a beta of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Scotiabank raised shares of Comcast from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Finally, 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 report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.19.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred 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 sale, the president now 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 company insiders.

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.