Atwater Malick LLC Has $3.71 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Atwater Malick LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,821 shares of the cable giant's stock after selling 10,693 shares during the quarter. Comcast comprises approximately 1.2% of Atwater Malick LLC's holdings, making the stock its 22nd largest position. Atwater Malick LLC's holdings in Comcast were worth $3,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock valued at $1,277,000 after buying an additional 249 shares during the period. Taurus Asset Management LLC raised its position in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after acquiring an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings 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 valued at $353,000 after acquiring an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Saxon Interests Inc. grew its stake in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant's stock worth $566,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company's 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business'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 transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Stock Performance

Shares of CMCSA traded up $0.27 on Friday, reaching $36.58. 21,859,674 shares of the stock traded hands, compared to its average volume of 18,748,178. The stock's 50-day moving average price is $39.97 and its 200-day moving average price is $40.18. 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 firm has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $1.08 earnings per share. Equities analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is currently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Morgan Stanley downgraded shares of Comcast from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

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.