Sanibel Captiva Trust Company Inc. Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Sanibel Captiva Trust Company Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,455 shares of the cable giant's stock after selling 8,996 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Comcast were worth $13,565,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter valued at about $26,000. Winch Advisory Services LLC boosted its stake in 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 period. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during 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 in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after acquiring an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In other Comcast news, 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 value of $1,087,620.83. Following the completion of the transaction, the president now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $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 Stock Up 0.7 %

Shares of CMCSA stock traded up $0.27 during mid-day trading on Friday, hitting $36.58. 21,859,674 shares of the stock traded hands, compared to its average volume of 18,748,178. The stock's fifty day moving average is $39.97 and its two-hundred day moving average 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. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock has a market cap of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business's quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CMCSA shares. Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Rosenblatt Securities reissued a "neutral" rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Macquarie reaffirmed a "neutral" rating and issued a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Finally, Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.