First National Bank of Mount Dora Trust Investment Services Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

First National Bank of Mount Dora Trust Investment Services raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,757 shares of the cable giant’s stock after acquiring an additional 333 shares during the period. Comcast makes up 1.5% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 22nd biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Comcast were worth $6,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in shares of Comcast in the second quarter worth about $26,000. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, 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. Insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.7 %

Shares of NASDAQ CMCSA opened at $36.58 on Friday. The stock’s 50 day moving average price is $40.11 and its two-hundred day moving average price is $40.18. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. On average, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. 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 payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMCSA. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price 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.