United Community Bank Has $780,000 Stake in Comcast Co. (NASDAQ:CMCSA)

United Community Bank trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,788 shares of the cable giant’s stock after selling 295 shares during the period. United Community Bank’s holdings in Comcast were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Promus Capital LLC acquired a new position in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast during the third quarter valued at approximately $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock opened at $37.59 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a market cap of $142.13 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s fifty day moving average is $36.12 and its 200 day moving average is $39.35.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 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%. Sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Loop Capital lowered their price objective 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. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.83.

About Comcast

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.