Arlington Trust Co LLC Has $296,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Arlington Trust Co LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 38.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,897 shares of the cable giant’s stock after purchasing an additional 2,179 shares during the period. Arlington Trust Co LLC’s holdings in Comcast were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bristlecone Advisors LLC lifted its stake in shares of Comcast by 70.9% in the 4th quarter. Bristlecone Advisors LLC now owns 106,986 shares of the cable giant’s stock valued at $4,015,000 after purchasing an additional 44,401 shares during the last quarter. Soltis Investment Advisors LLC raised its holdings in Comcast by 21.6% during the fourth quarter. Soltis Investment Advisors LLC now owns 11,335 shares of the cable giant’s stock valued at $425,000 after buying an additional 2,010 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter worth about $28,000. Elevate Capital Advisors LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $1,079,000. Finally, Angeles Wealth Management LLC raised its stake in shares of Comcast by 25.2% in the 4th quarter. Angeles Wealth Management LLC now owns 14,517 shares of the cable giant’s stock valued at $545,000 after acquiring an additional 2,924 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 0.3 %

Shares of CMCSA stock opened at $34.37 on Monday. The company has a market capitalization of $129.95 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.69 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $37.71 and a 200 day moving average price of $39.87.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is presently 29.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Citigroup lowered their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Activity

In other news, 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 completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate 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.