US Bancorp DE Sells 69,279 Shares of Comcast Co. (NASDAQ:CMCSA)

US Bancorp DE decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,230,507 shares of the cable giant’s stock after selling 69,279 shares during the period. US Bancorp DE owned approximately 0.08% of Comcast worth $141,658,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton bought a new stake in shares of Comcast during the fourth quarter valued at approximately $37,000. Atlantic Edge Private Wealth Management LLC bought a new position in Comcast in the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast during the 4th quarter worth $44,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CMCSA shares. Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Finally, Citigroup decreased their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.33.

Comcast Stock Down 0.5 %

CMCSA traded down $0.21 during trading on Friday, hitting $38.47. The company had a trading volume of 4,623,896 shares, compared to its average volume of 20,420,014. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $150.94 billion, a PE ratio of 10.14, a P/E/G ratio of 0.97 and a beta of 0.99. The business has a 50-day moving average of $40.29 and a 200-day moving average of $42.07.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. As a group, analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Buying and Selling

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.26% 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.