MassMutual Private Wealth & Trust FSB Purchases 66,002 Shares of Comcast Co. (NASDAQ:CMCSA)

MassMutual Private Wealth & Trust FSB raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,693 shares of the cable giant's stock after buying an additional 66,002 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Comcast were worth $15,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of Comcast by 8.4% during the second quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant's stock worth $92,026,000 after buying an additional 182,130 shares during the period. Holderness Investments Co. raised its holdings in shares of Comcast by 1.4% in the 2nd quarter. Holderness Investments Co. now owns 26,343 shares of the cable giant's stock worth $1,032,000 after acquiring an additional 356 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Comcast by 45,218.6% in the second quarter. Frank Rimerman Advisors LLC now owns 95,169 shares of the cable giant's stock worth $3,727,000 after purchasing an additional 94,959 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Comcast by 60.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,058,445 shares of the cable giant's stock worth $80,609,000 after acquiring an additional 778,760 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Comcast in the 2nd quarter valued at about $26,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Up 0.7 %

CMCSA traded up $0.27 during midday trading on Monday, reaching $36.58. The company's stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The stock's 50-day moving average is $39.97 and its 200-day moving average is $40.19.

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 for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast's payout ratio is 33.33%.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction 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 completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI upgraded Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast 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.