Moody National Bank Trust Division Has $3.10 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Moody National Bank Trust Division trimmed its position in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 88,684 shares of the cable giant’s stock after selling 1,837 shares during the period. Moody National Bank Trust Division’s holdings in Comcast were worth $3,101,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ironwood Wealth Management LLC. lifted its position in Comcast by 2.4% during the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after purchasing an additional 363 shares during the period. United Bank boosted its holdings in shares of Comcast by 17.4% during the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after acquiring an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Comcast by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after purchasing an additional 928,627 shares in the last quarter. Covestor Ltd increased its holdings in Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after purchasing an additional 1,773 shares in the last quarter. Finally, First Western Trust Bank bought a new stake in shares of Comcast in the 1st quarter valued at about $482,000. 82.23% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 0.6 %

NASDAQ:CMCSA traded down $0.21 during mid-day trading on Friday, reaching $36.03. 51,723,725 shares of the company’s stock traded hands, compared to its average volume of 20,243,703. Comcast Co. has a 12-month low of $28.39 and a 12-month high of $48.42. The firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.74 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50 day moving average price of $38.18 and a 200-day moving average price of $35.10.

Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $30.55 billion for the quarter, compared to analysts’ expectations of $30.36 billion. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. On average, sell-side analysts predict that Comcast Co. will post 3.67 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be given a $0.29 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, April 4th. Comcast’s payout ratio is currently 97.48%.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 1,610,496 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $2.38, for a total value of $3,832,980.48. Following the sale, the insider now directly owns 25,153,615 shares of the company’s stock, valued at approximately $59,865,603.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 7,527,791 shares of company stock valued at $19,025,007 in the last ninety days. 1.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Bank of America restated a “neutral” rating and set a $44.00 target price on shares of Comcast in a research report on Tuesday, February 28th. Wells Fargo & Company increased their price target on Comcast from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, January 27th. KGI Securities downgraded Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 22nd. Pivotal Research raised their price target on Comcast from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Finally, JPMorgan Chase & Co. raised their price target on Comcast from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.29.

About Comcast

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.