Comcast Co. (NASDAQ:CMCSA) Shares Bought by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 12,782 shares of the cable giant’s stock after buying an additional 450 shares during the period. Enterprise Bank & Trust Co’s holdings in Comcast were worth $480,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its position in Comcast by 4.5% during the 2nd quarter. Federated Hermes Inc. now owns 311,153 shares of the cable giant’s stock worth $12,185,000 after purchasing an additional 13,491 shares during the last quarter. Parallel Advisors LLC grew its stake in Comcast by 0.8% during the second quarter. Parallel Advisors LLC now owns 86,405 shares of the cable giant’s stock worth $3,384,000 after buying an additional 658 shares during the period. Thoroughbred Financial Services LLC grew its stake in Comcast by 60.8% during the second quarter. Thoroughbred Financial Services LLC now owns 57,314 shares of the cable giant’s stock worth $2,244,000 after buying an additional 21,681 shares during the period. Prosperity Consulting Group LLC grew its stake in Comcast by 8.3% during the second quarter. Prosperity Consulting Group LLC now owns 15,251 shares of the cable giant’s stock worth $597,000 after buying an additional 1,170 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in Comcast by 38.2% during the second quarter. J.W. Cole Advisors Inc. now owns 86,468 shares of the cable giant’s stock worth $3,386,000 after buying an additional 23,921 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade 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 available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction 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 completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.3 %

Shares of NASDAQ CMCSA traded up $0.12 during mid-day trading on Monday, reaching $36.48. The company had a trading volume of 10,767,537 shares, compared to its average volume of 23,216,758. The stock has a fifty day moving average of $40.69 and a two-hundred day moving average of $40.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $139.59 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 12-month low of $36.24 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 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 firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.40%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.