Legacy Private Trust Co. Has $1.22 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Legacy Private Trust Co. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,619 shares of the cable giant’s stock after selling 950 shares during the period. Legacy Private Trust Co.’s holdings in Comcast were worth $1,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in Comcast during the second quarter worth $27,000. Angeles Wealth Management LLC raised its stake in shares of Comcast by 33.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 12,841 shares of the cable giant’s stock worth $503,000 after purchasing an additional 3,211 shares during the period. AGF Management Ltd. boosted its holdings in shares of Comcast by 498.2% in the 2nd quarter. AGF Management Ltd. now owns 250,915 shares of the cable giant’s stock worth $9,826,000 after buying an additional 208,969 shares during the last quarter. Biltmore Family Office LLC increased its holdings in Comcast by 5.9% during the second quarter. Biltmore Family Office LLC now owns 12,690 shares of the cable giant’s stock worth $497,000 after buying an additional 704 shares during the last quarter. Finally, LPL Financial LLC raised its position in Comcast by 0.8% in the second quarter. LPL Financial LLC now owns 3,304,250 shares of the cable giant’s stock worth $129,394,000 after acquiring an additional 25,519 shares during the period. 84.32% of the stock is owned by institutional investors.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. 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. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Price Performance

Comcast stock opened at $37.17 on Thursday. The stock has a market cap of $142.23 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.50 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. The business has a 50-day simple moving average of $40.96 and a 200 day simple moving average of $40.27. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.