Intrust Bank NA Sells 340 Shares of Comcast Co. (NASDAQ:CMCSA)

Intrust Bank NA decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the fourth quarter, HoldingsChannel reports. The fund owned 31,965 shares of the cable giant’s stock after selling 340 shares during the quarter. Intrust Bank NA’s holdings in Comcast were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. World Investment Advisors LLC lifted its holdings in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Comcast during the 4th quarter valued at $743,681,000. Bfsg LLC boosted its holdings in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after buying an additional 73,590 shares during the period. Mission Wealth Management LP increased its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. raised its holdings in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research report on Friday, January 31st. Rosenblatt Securities reduced their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. UBS Group dropped their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Price Performance

Comcast stock opened at $36.62 on Friday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $35.89 and a 200-day moving average price of $38.99. The firm has a market capitalization of $138.46 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

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.