Comcast Co. (NASDAQ:CMCSA) is Wilmington Savings Fund Society FSB’s Largest Position

Wilmington Savings Fund Society FSB boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,281,698 shares of the cable giant’s stock after buying an additional 8,646 shares during the quarter. Comcast makes up approximately 5.6% of Wilmington Savings Fund Society FSB’s portfolio, making the stock its largest holding. Wilmington Savings Fund Society FSB’s holdings in Comcast were worth $310,812,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. AMF Tjanstepension AB lifted its stake in Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Wedmont Private Capital lifted its position in Comcast by 19.7% during the third quarter. Wedmont Private Capital now owns 34,018 shares of the cable giant’s stock worth $1,380,000 after buying an additional 5,600 shares in the last quarter. Boston Common Asset Management LLC purchased a new stake in Comcast in the 3rd quarter valued at $5,004,000. Pinnacle Bancorp Inc. increased its stake in shares of Comcast by 5.6% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 6,875 shares of the cable giant’s stock worth $287,000 after acquiring an additional 362 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Comcast during the 3rd quarter valued at about $1,690,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Barclays reduced their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $44.13.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade 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 Down 0.3 %

NASDAQ:CMCSA opened at $34.37 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $37.89 and its 200-day simple moving average is $39.89. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market cap of $131.52 billion, a P/E ratio of 8.28, a PEG ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts anticipate that Comcast Co. will post 4.4 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 29.88%.

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.