Arbor Trust Wealth Advisors LLC Has $846,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Arbor Trust Wealth Advisors LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 12.9% 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 19,300 shares of the cable giant’s stock after buying an additional 2,205 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Comcast were worth $846,000 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 CMCSA. Avior Wealth Management LLC increased its stake in Comcast by 20.6% in the fourth quarter. Avior Wealth Management LLC now owns 13,640 shares of the cable giant’s stock valued at $589,000 after acquiring an additional 2,329 shares during the last quarter. Lipe & Dalton bought a new position in Comcast in the fourth quarter valued at approximately $37,000. Desjardins Global Asset Management Inc. increased its stake in Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares during the last quarter. Wealth Alliance increased its stake in Comcast by 2.3% in the fourth quarter. Wealth Alliance now owns 44,505 shares of the cable giant’s stock valued at $1,952,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Riverstone Advisors LLC bought a new position in Comcast in the fourth quarter valued at approximately $236,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.8 %

CMCSA stock traded down $0.31 during midday trading on Tuesday, hitting $39.12. The stock had a trading volume of 18,926,754 shares, compared to its average volume of 20,685,482. The firm has a market cap of $155.38 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The business has a fifty day moving average price of $42.08 and a two-hundred day moving average price of $42.83.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities boosted their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Comcast Company 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.