First Financial Corp IN Lowers Position in Comcast Corporation $CMCSA

First Financial Corp IN trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 72.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,748 shares of the cable giant’s stock after selling 22,984 shares during the quarter. First Financial Corp IN’s holdings in Comcast were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the second quarter valued at about $29,000. Imprint Wealth LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Comcast in the 2nd quarter worth approximately $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $28,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.0%

Shares of CMCSA stock opened at $28.72 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.63. The company has a 50 day moving average price of $30.30 and a 200 day moving average price of $29.59. The stock has a market capitalization of $103.33 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the business earned $0.96 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analysts Set New Price Targets

Several analysts recently weighed in on CMCSA shares. BNP Paribas Exane dropped their target price on shares of Comcast from $27.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday. Benchmark decreased their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Arete Research set a $23.00 price target on Comcast in a research report on Tuesday, January 6th. Morgan Stanley dropped their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group cut their price objective on Comcast from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $34.76.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.