Keystone Financial Services Buys 654 Shares of Comcast Co. (NASDAQ:CMCSA)

Keystone Financial Services increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,793 shares of the cable giant’s stock after acquiring an additional 654 shares during the quarter. Keystone Financial Services’ holdings in Comcast were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CMCSA. Wilmington Savings Fund Society FSB grew its holdings in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. FMR LLC grew its stake in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Public Sector Pension Investment Board increased its holdings in Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. National Bank of Canada FI lifted its stake in Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after buying an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Morgan Stanley reduced their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Stock Performance

Shares of CMCSA opened at $35.39 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a fifty day simple moving average of $36.93 and a 200 day simple moving average of $39.71. The stock has a market capitalization of $133.81 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast’s payout ratio is 29.88%.

About Comcast

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.