Comcast Corporation $CMCSA Shares Acquired by American National Bank & Trust

American National Bank & Trust lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 10,896.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,674 shares of the cable giant’s stock after acquiring an additional 20,486 shares during the period. American National Bank & Trust’s holdings in Comcast were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Pacific Wealth Management LLC lifted its position in Comcast by 7.0% during the 4th quarter. Oregon Pacific Wealth Management LLC now owns 7,522 shares of the cable giant’s stock worth $225,000 after acquiring an additional 489 shares during the period. Omnia Family Wealth LLC raised its stake in shares of Comcast by 12.1% in the fourth quarter. Omnia Family Wealth LLC now owns 8,124 shares of the cable giant’s stock worth $243,000 after purchasing an additional 878 shares during the last quarter. Dorato Capital Management purchased a new position in shares of Comcast in the fourth quarter worth about $87,000. Abacus Planning Group Inc. lifted its holdings in shares of Comcast by 36.3% during the fourth quarter. Abacus Planning Group Inc. now owns 9,970 shares of the cable giant’s stock worth $298,000 after purchasing an additional 2,654 shares during the period. Finally, HF Advisory Group LLC boosted its position in Comcast by 113.3% in the fourth quarter. HF Advisory Group LLC now owns 99,372 shares of the cable giant’s stock valued at $2,970,000 after buying an additional 52,778 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $27.93 on Friday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $36.66. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $100.49 billion, a P/E ratio of 5.20, a PEG ratio of 2.26 and a beta of 0.80. The company’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $29.37.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMCSA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Morgan Stanley decreased their target price on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Sanford C. Bernstein lowered their price target on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Finally, Benchmark reduced their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.71.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Profile

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.